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A local science museum normally sells tickets to its museumfor $10 each. The daily maximum capacity of the museum is 1000 visitors. At the maximum capacity, fixed costs are $3.00 pervisitor and variable costs are $4.00 per visitor. A local schoolgroup has approached the museum wishing to purchase 50 special passes at a cost of $4.00 each. Assuming the museum has available capacity, should the museum accept the special order? Explain the factors you considered to arrive at your answer.
How would the science museum's net income be impactedif the order were accepted?
The purchase price of each mug to the company is 90 cents; in addition it costs 60 cents to mail each mug. The results of the premium plan for the years 2006 and 2007 are as follows (assume all purchases and sales are for cash)
Yates Corporation began operations on January 2, 2010. It employs 15 people who work 8-hour days. Each employee earns 10 paid vacation days annually. Please prepare journal entries to record the transactions related to paid vacation days during 201..
Gardner Corporation purchased a truck at the beginning of 2010 for $75,000. The truck is estimated to have a salvage value of $3,000 and a useful life of 120,000 miles. It was driven 18,000 miles in 2010 and 32,000 miles in 2011. What is the depre..
Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2009 and reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of D..
In Saint-Simon, Inc., the Assembly Department started 18,000 units and completed 21,000 units. If beginning work in process was 9,000 units, how many units are in ending work in process?
So what is the effect of a bargain purchase option on accounting for a capital-lease transaction by a lessee?
Debt investments are recorded at the : a. face value of the bonds purchased. b. face value of the bonds purchased plus interest. c. price paid for the bonds plus interest. d. price paid for the bonds plus brokerage fees
The Cleaning Authority provides janitorial services for commercial customers. On December 31, 2010, the credit balance of the Common Stock and Retained Earnings accounts were $12,000 and $5,500, respectively. During 2011, the company issued $4,200..
On january 1, 2004 kate products issued ten year convertible bonds of $1800000 at 105. Interest es payable semiannually on june 30 abd dicember 31 at a rate of 12%. straight-line amortization is recorded at the end of the calendar year.
Edgemont paid a cash dividend of $25,000 in 2009. No additional stock was issued. Compute the retained earnings on December 31, 2008, and 2009.
The XYZ company sells approximately 900,000 gizmos annually. Each gizmo consists of 15 components. Management is currently evaluating which vendor to choose as the primary supplier of one of the 15 components. Four vendors have been identified.
In a defined-benefit plan, the process of funding refers to
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