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Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,000 to $201,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,800, depreciation on delivery equipment $7,000, and insurance on delivery equipment $1,800. Prepare a monthly flexible budget for each $11,600 increment of sales within the relevant range for the year ending December 31, 2017.
A total of 35 percent of this inventory was not sold to outsiders until 2013. In 2012, Bellgrade reported cost of goods of $380,000 while Hansen reported $210,000 What is consolidated cost of goods sold in 2010?
How the trend strengthens or weakens the competitive advantage and industry position strength of Shomei Cards and its competitors.
Use the assumptions and data in the attached excel sheet. (there are two tabs)
What is the impact on the cost of the machine of the interest paid on the 10 percent note? Under what circumstances can interest expense be included in acquisition cost?
Flip had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,400, variable factory overhead $1,000, and fixed factory overhead $500. The company did not maintain any inventories, so tota..
Alpha Company had current assets of $120, and current liabilities of $100. This gives them working capital of $20, and a current ratio of 1.2. What will be the effect of paying off $30 of accounts payable?
(Determining Cash Balance) Presented below are a number of independent situations. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180. Checking accoun..
jenny's has annual sales of $367,200 and cost of goods sold of $198,600. the average accounts receivable balance is $16.400. how many days on average does it take the firm to collect its accounts receivable?
Explain the basic role information technology plays in a business environment. What are some of the ways that financial information will be changed in the way the information is processed.
question amos is a computer consultant and his office is situated in orange california. he and his wife susan used
The challenge of all managerial situations is to take what can be done and what should be done and find.
Where does the company disclose its revenue recognition policy? When does the company record revenues for the "sale" of gift cards?
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