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A condensed income statement by product line for celestial beverage inc. indicated the following for star cola for the past year.
sales 290,000
cost of goods sold 155,000
gross profit 135,000
operating expense 207,000
loos from operations 72,000
it is estimated that 15% of the cost of goods sold represents fixed factory overhead costs and that 25% of the operating expenses are fixed. Since star cola is only one of many products the fixed costs will not be materially affected if the product is discontinued.
a. prepare a differential analysis dated January 21, 2014 to determine whether star cola should be continued or discontinued
b. should star cola be retained? Explain
Hytek Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2012, management estimates the following revenues and costs.
Prepare a retained earnings statement for the fiscal year ended October 31, 2008.
Bakers Bagels, Inc., produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $0.20 per unit to produce. The company is considering further processing the bagels into two products: bagels with ..
Prepare a journal entry summarizing the payment of Flip s total salary during the year and prepare a journal entry summarizing the employer payroll tax expense on Flip s salary for the year.
Prepare the March income statement for Gantt Manufacturing company. Determine the inventory balances at the end of the first month of operations.
Department public golf course to be paid from pledged fees collected from golf course users. Illustrate how much should be accounted for through debt service funds for payments of principal over the life of the bonds
Find out the balance sheet inventory carrying value. D etermine the amount of the loss. (Input all amounts as positive values. Omit the "$" sign in your response.)
design flooring carpet company manufactures carpets. fiber is placed in process in the spinning department where it is
Mantle Mfg. Co. issued a seven-year, non-interest bearing note with a face value of $800,000. Mantle received $361,900, resulting in an effective 12% interest rate. What is carrying value of the note at the end of the second year?
Emig retired $4,500,000 of the outstanding bonds at par plus a call premium of $105,000. What amount should Emig report in its 2013 income statement as loss on extinguishment of debt (ignore taxes)?
What is the net impact on Werner's net income for the quarter ended June 30, 2011 as a result of this forward contract hedge of a firm commitment?
emergency calls to winter park floridas 911 system for the past 24 weeks are as follows attached excel dataa evaluate
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