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During April, Elsa Corporation budgeted for 27,000 customers, but actually served 23,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.10q Wages and salaries: $33,300 + $1.10q Supplies: $0.70q Insurance: $8,600 Miscellaneous expense: $3,700 + $0.40q Prepare the company's flexible budget for April based on the actual level of activity for the month.
As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March of 2012 were as follows: $120,000, $140,000 and $150,000. 20% of each months sales are for cash. Of the remaining..
For each of the following $1000-par-value bond, assuming annual interest payment and a 40% tax rate, determine the after-tax cost to maturity using the approximation formula.
Calculate Direct material usage variance, Direct labor efficiency variance, Direct labor rate variance and Selling price variance.
What is Gregson's ending inventory using absorption costing? Determine the earnings per share for 2008 if its net income is $175,000.
Consider two projects that your company is evaluating. Project A has cash flows of -25, +11, +12, and +10 at time-zero, one year from now, two years from now, and three years from now, respectively. Project B has cash flows of -50, +22.5, +21.5, and ..
When you want to create an invoice without inventory items, use the following form: Cash paid to a creditor would be reported in the statement of cash flows under the: Business managers and owners, depend on financial statements because: The standard..
Determine how much money you earned or lost with each stock on a daily basis - Develop the appropriate charts that highlight your performance. You will create a minimum of two (2) charts.
Bramble Corp. reported net income of $206,930 for 2017. Bramble Corp. also reported depreciation expense of $33,830 and a loss of $4,940 on the disposal of plant assets.
A machine costing $208,800 with a four-year life and an estimated $16,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 482,000 units of product during its life. It actuall..
Journalize the adjusting entry required as of December 31 - if the adjusting entry in (a) were omitted, which items would be erroneously stated on
As the Chief Managerial Officer of Aangamm World International Limited undertake your assigned task regarding the divisional issues at Rigs Auto Parts Transport Limited.
Champion Contractors completed the following transactions and events involving the purchase and operation of equipment in its business. 2012 Jan. 1 Paid $298,000 cash plus $11,920 in sales tax and $1,800 in transportation (FOB shipping point) for a n..
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