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Question1 : Prepare profit/loss account for sales of 200 peices, 300 pieces
Details provided:
Purchase cost 1100 per peice
Sales cost 1800 per piece
Expenses per month
rent 50,000
Salary to staff 75,000
Commission per peice 100
Calculate the number ofunits required tobreak even. The finance manager has devised a number ofalternative plans to get the entity back into profitability
Net income and have similar financial positions, your decision depends on their cash flow statements - which company looks better?
Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system? Is it necessary to take a physical inventory when using the perpetual inventory system?
Commodore Company uses a standard cost system for its production process and applies overhead based on direct labor hours.
Prepare a Schedule of Expected Cash Collections for November. Prepare Merchandise Purchases Budget for November and December
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Determine the quick ratio for December 31, 2014 and 2013 and interpret the change in the quick ratio between the two balance sheet dates.
Did Kimio make more money selling the cones for $1.79 or for $1.39? Estimate the price elasticity of demand for the ice cream cones. Estimate the profit-maximizing price for ice cream cones.
PNY' managers are considering implementing a kaizen costing system. what is PNY' s current product cost per unit? Cost of goods sold totals 40% of the product's
What are Varmit-B-Gones expected cash receipts for May, June, July, and August - the month the service is rendered, 60 percent in the month after the service is rendered, and 8 percent in the second month after.
Predict the main costs associated with the production of VectorCal's drone navigation system. Provide a rationale for the response.
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