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Gina Matheson owns and operates a successful florist shop in Bloomington, Indiana. Gina estimates that her variable costs are $0.25 per sales dollar (i.e. variable costs represent 25% of revenue) and that her fixed costs amount to $6,000 per month.
a. How does Gina's monthly profit increase as revenue increases? (Note: given that absence of unit-level data, you will need to express Gina's monthly profit in terms of revenue).
b. How much revenue does Gina need to generate each month to break even?
c. How much profit would Gina earn if her revenues were $10,000 per month?
When a company ships product to a customer with the terms f.o.b. (free on board) destination, which of the following is true?
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Sergo Games produces a variety of action games which sold more than 800,000copies. In 2011, the production plant prepared 3,000,000 CDs and incurred the following cost:
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Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
What is a balanced scorecard? How can it help you manage a company? Are there any advantages to using one?
Performance measurement: introduction to financial statement analysis; assessing firm level performance and an introduction to FSA.
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