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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.
For 2010, Stoneland Corporation reported net income, $24,000; net sales, $400,000; and average shares outstanding, 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?
How is FedEx performing? How, if at all, do is performance and plans affect your assessment of the sustainability of UPS's current performance?
During the remainder of the year, Ramirez generates revenues of $600,000 and expenses of $360,000 and paid no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?
Which of the following ratios would be most helpful in assessing the liquidity of a governmental entity?
Ensnada Mfg. Co, rpoduces candles that contain four raw materials: wax, dye, scented oil and a wick. Each candle usues eight ounces of wax and one ounce of die, which Ensinada purchase for $0.15 and $0.02 per ounce, respepctively.
Assess the role of GASB and its effectiveness with achieving its mission. Explain if the GASB"s oversight of governmental accounting is as effective as the FASB's over financial standards for-profit entities.
Assume that a bank faces a balance sheet illustrated below, and the required reserve ratio is 20 percent.
Prepare a sales budget for the 1st qtr of 2009. Determine the amount of sales revenue Dorough will report on the first 2009 qtrly pro forma income statement. Prepare a cash receipts schedule or the 1st qtr of 2009.
Ashton Fleming has decided to document and analyze the accounts payable process at S&S so the transition to a computerized system will be easier.
Gore Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2008, Gore reacquired 100 shares at $85 per share. On September 1, Gore reissued 60 shares at $90 per share.
Assume the British pound appreciates against the dollar while the Japanese yen depreciates against the dollar. Which of the following is true?
All parties use the calendar year for tax purposes. On June 30, 2011, Robin repays the loans of $40,000 together with the specified interest of $4,000. How much of the interest can Robin Corporation deduct in 2010?
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