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Question :
Sue, of Sue's Sandwiches, sells soda and sandwiches from a sidewalk cart in a popular park near her home. She sets up her rented cart in the summers to raise money for college. Last month she sold $3,000 worth of product (sandwiches and sodas) to 300 customers. She spent $600 on the sandwich ingredients and buying the sodas wholesale. Her monthly costs are the subsequent: Utilities = $60, Salary = $1,500, Advertising = $0, Insurance = $50, Interest = $0, Rent = $300, Depreciation = $0.
a. Determine Sue's variable costs? Explain.
b. Evaluate Sue's COGS? Explain.
c. What are her fixed costs? Describe.
d. What is Sue's EOU?
e. How much cash reserve could she keep in the bank?
Calculate the firm tax on its operating earnings only find the tax as well as the after tax amount attributable to the interest income from zig manufacturing bonds
what are the three required conditions for a contingent liability to exist? What is one contingency that an auditor would be concerned with and how would the auditor become aware of this contingency?
Evaluate the total cost charged to Case 618-3? Show computations by department and in total for the case.
The recerti cation will cost $150.00 per pump and appears as part of the sunk cost in year zero if the pumps are changed. What is the minimum number of 6 year cycles that the process must operate in order for the pump savings to cover the cost of re-..
A firm is selling an existing asset for $5000. The asset when purchased cost $10,000, was depreciated under MACRS using a five-year recovery period and has been depreciated for four full years.
The corporation assumed a liability of $50 on the property transferred. Illustrate what is Antoine's tax basis in the stock received in the exchange?
Block Company issued a 20,000 10 year bond on 7/1/2008 when the market rate was 6.5%. Assume that the accounting year of Block Company ends on December. Journalize the following transactions.
Create a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April.
If the company wishes to sell them through regular distribution channels, what unit cost figure is relevant for setting a minimum selling price? Explain.
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Calculation of Adjustment Entries for COLO COMPANY Work Sheet For Month Ended May 31, 2005
You are to journalise the events. You should assume that all monies were received on 18th April. What other option did the directors have with the excess demand, returning the excess?
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