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Strong Wood Company is a distributor of patio furniture. Data concerning the next month's budget appear below.
Selling price $290.00
Variable expense $174.00
Fixed expense $158,000.00
Unit sales 1,500 units per month
a. What is the company's margin of safety? (Please show all work so I am able to learn the formulas)
b. What is the company's margin of safety as a percentage of sales? (Please show all work so I am able to learn the formulas)
The vehicle cost $23,000 and its estimated salvage value is $1,500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. Th..
In addition, on December 20, 2011, subscriptions for 2,000 shares of preferred stock were taken at a purchase price of $17. These subscribed shares were paid for on January 2, 2012. What should Amelia report as total contributed capital on its Dec..
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The partnership agreement of Jones, King, and Lane provides for the annual allocation of thebusiness's profit or loss
Calculate missing costs. Calculate cost formula for mixed cost using the high-low method. Calculate the total cost that would be incurred for the production of 8,000 units
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King Pin issues $1,000,000 0f 12%. 10 year bonds that are dated Jan. 1, 2009. The first interest payment is due June 30, 2009 (Hint: interest is paid semi-annually). Record the issuance of the bonds and the first interest payment for each situation.
A.are reported as current assets B.include cash equivalents C.do not include equity securities D.all of the above
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