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Question - To complete this assignment, write your answer in a Microsoft Word document, being sure to include your name. Your answer must include your complete calculations and an explanation that is concise and professional.
Company A
Company B
Company C
Sales (10 units)
$600
Less variable costs
400
250
0
Less fixed costs
100
500
Net income
$100
a) Prepare new income statements for the firms assuming each sells one unit less (i.e. each firm sells 9 units)
b) Briefly - in 150 words or less - describe the effect of cost structure on profitability, including recommendations for each company given the current economic environment, as you understand it.
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Are any time lags in recording economic eventstypically experienced in cash disbursements systems? If so, what are they? Discuss theaccounting profession's view on this matter asit pertains to financial reporting.
you are a staff accountant in the controllers office of a company that operates warehouses in several states. one
Captain John's Yachts, Inc., located in Fort Lauderdale, Florida, rents three types of ocean- going boats: sailboats, cabin cruisers, and Captain John's.
Explain the financial statements and other accounting related information. Use headings in your paper. APA style is required for citations and a reference list.
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bienvenu enterprises reported cost of goods sold for 2010 of 1400000 and retained earnings of 5200000 at december 31
Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements.
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