Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Jordan and Taylor became friends after meeting on a reality cooking show. They have recently decided to start an Internet business to sell their delicious chocolate brownies. Their knowledge of business, unlike their totally awesome culinary skills, is questionable. Knowing that you are accounting students, they will be asking you advice now and then. You received a text that Jordan and Taylor were on their way. When they arrived, you could smell the aroma of fresh baked brownies. You are glad that you purchased a gallon of milk earlier in the day. Jordan hands you a list of ingredients for their special recipe. Meanwhile, Taylor is concerned that more than just their labor and ingredients should be taken into consideration to properly gauge a selling price. An Internet gourmet foods company, “Yumminess”, will be including “Chocolate Attack Brownies” (CAB) in their online catalog. CAB will be sold in square tins and captioned with personal greetings. Jordan negotiated a selling price to Yumminess at $10 per tin. The product cost is $8 per tin, which includes $6 of direct material and $1.50 of direct labor. Annual manufacturing overhead is estimated at $100,000 for the expected sales of 200,000 tins. Operating expenses are projected to be a fixed annual amount of $80,000. If 200,000 tins are sold, was is the total Net Income?
What administrative release deals with a proposed transaction rather than a completed transaction?
In 2015, the earnings did not meet the earnout target and the estimated fair value of the contingent consideration was zero. Prepare the journal entry to record the change in the fair value of the contingent consideration.
Assess the degree to which the firm's accounting reflects the underlying business reality.
The Chamberlain Corporation has an accounts receivable turnover equal to 14 times. If accounts receivable are equal to $70,000, what is the value for average daily credit sales?
problemwhile reviewing the march 31 2012 balance sheet of business solutions santana rey notes that the business has
The manufacturing overhead budget at Colander Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,600 direct labor-hours will be required in February.
question 1. sully corp. presently has an eps of 2.40 and the benchmark pe for the company is 23. earnings are expected
moon company uses the variable cost idea of applying the cost-plus approach to product pricing. the costs and expenses
Felix, a single taxpayer, claimed $180 of state tax as an itemized deduction on his 2013 tax return. The total itemized deductions on his tax return were $6,215. In 2014, he received a $25 refund from the state. What is the amount Felix has to report..
Fixed manufacturing costs total $231,650 per year. Calculate the break-even point in units. Calculate the margin of safety in units. Calculate the margin of safety in dollars.
For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average: would produce the heighest amount of net income in an inflationary environment. would produce the highest amount of assets in an inflationary environment.
Compute the following for Able Control Company: The fixed overhead spending variance for October, The production-volume variance for October and The variable overhead spending variance for October.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd