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Ran Floor and Rugs sells handmade Oriental rugs for $825 each and machine-made rugs for $265 each. Customers buy two times as many machine-made rugs as handmade rugs. Variable expenses consume 80 percent of sales, and monthly fixed expenses total $2,439. Required: How many of each type of rug must Ran sell to break-even?
a. How many shares of common stock were issued during 2010? What was their average issue price? b. How many shares of preferred stock were issued during 2010? What was their average issue price?
the following information is available actual inputs for actual price each unit of output per unit of input direct
Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective- interest method. Prepare the journal entry for the interest receipt of December 31, 2011, and the discount amorti- zation under the straight-line..
bob and jim formed a partnership investing 750000 and 220000 respectively. the partnership agreement calls for a return
Discuss what we mean by the term "Corporate Social Responsibility".
june 10 sold obsolete store equipment for 630 cash. the equipment originally cost 2105 and depreciation to march 31 of
the accounting records of clear photography inc reflected the folllowing balances as of january 1 2012.cash-
the bayview variety store has been in operations for a number of years. the following is the balance sheet of bayview
1.a company should use the depreciation method that best matches depreciation expense against the revenues produced by
1. at the beginning of the year manufacturing overhead for the year was estimated to be 266200. at the end of the year
Which basis of allocating the cost is most likely to be used by the company?
ingham inc. has the capacity to produce 10000 fax machines per year. ingham currently produces and sells 7000 units
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