Types of electronic calculators

Assignment Help Accounting Basics
Reference no: EM131012177

Numeric Corporation produces and markets two types of electronic calculators: Model 100 and Model 200. The following data were gathered for last month:

Model 100 Model 200

Sales in units 5,000 3,000

Selling price per unit $50 $100

Variable expenses per unit $15 $ 32

Traceable fixed costs $105,000 $157,500

Common fixed expenses: $110,000 - -

Required: In good form,prepare a segmented income statement in the contribution format for last month:

Reference no: EM131012177

Questions Cloud

Disadvantages of the capital asset pricing model : The Capital Asset Pricing Model (CAPM) is a powerful analytical tool use for calculating the price of common stock. After reflecting on theory and application of the CAPM model and reviewing the prior work on the Constant Dividend Growth Model post a..
What is variability : What is variability? What are the three types of variability? Why is variability valuable as a descriptive tool? Explain how to calculate and give an example for each type
Now calculate the irr for the project : Assuming that the appropriate discount rate for projects of this risk level is 8%, what is the risk-adjusted NPV for each project? Which project, if either, should be selected? Justify your conclusions.
Calculate the fair present values of the bonds : Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 4 years remaining to maturity, and have a required rate of return of 14 percent. The bond has a 8.8 percent coupon rat..
Types of electronic calculators : Numeric Corporation produces and markets two types of electronic calculators: Model 100 and Model 200. The following data were gathered for last month:
Something about how money grows over time : Julie needs to pay a $5,000 tuition bill nine months from now. She has some money saved up that she could invest, but she is also considering a trip to Europe. She remembers reading something about how money grows over time, and she wonders if maybe ..
Agreement for sharing profits and losses : Determine how the $ 110,000 net income would be divided under each of the following three independent assumptions as to the agreement for sharing profits and losses. Use schedules of the type illustrated in this chapter to show all steps in the di..
Cash in exchange for common stock : Case Study #1 Succeed Corporation is a business consulting company recently formed by two shareholders. (a) On February 1, 2016, each shareholder contributed $500 cash in exchange for common stock.
List the main denialist claims made by senator inhofe : List the main denialist claims made by Senator Inhofe in GWR text. Compare these two lists and discuss their similarity or difference

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ilene rents her second home during 2009 ilene reported a

ilene rents her second home. during 2009 ilene reported a net loss of 15000 from the rental. if ilene is an active

  Write down a short summary describing the following search

write a short summary explaining the following search online sources for business headlines from the last 6 months.

  Initial yield to maturity and interest rate risk

What will be the change in price for each of the bonds? Does this tell us anything about the relationship between initial yield to maturity and interest rate risk?

  Basis of the new factory building

A factory building is constructed during the nine-month period after the hurricane at a cost of $450,000. What is the recognized gain or loss and what is the basis of the new factory building?

  The annual interest rate implicit in this agreement

The annual interest rate implicit in this agreement is 24%.

  Determine the amounts to be reported by cameron enter your

on january 1 2013 cameron inc. bought 10 of the outstanding common stock of lake construction company for 160 million

  Describe the purpose of lcm rule and accounting convention

the lower of cost or market lcm rule is used in the valuation of inventories. the lcm rule explains that if the

  For purposes of this question assume that the excerpts from

for purposes of this question assume that the excerpts from the powers report shown in exhibit 3 provide accurate

  Calculate roi for independent investments

Maria Chevas bought a GIC (guaranteed investment certificate) on June 1 for $3,200. The certificate reached maturity on December 1 (it was a six-month certificate). On December 1, she cashed in the certificate and received her original $3,200 back..

  Audit risk analysis project instructions

The Audit Risk Analysis Project requires the student to assume the role of an audit manager of a public accounting firm. The firm has been asked by an audit partner to assess the acceptability of a company as an audit client.

  Prepare a cost of goods manufactured statement

Lucero Company, a manufacturing firm, has supplied the following information from its accounting records for the past calendar year. Prepare a cost of goods manufactured statement. Prepare a cost of goods sold statement

  What is a major objective of accounting for inventory

Indicate the circumstances when it is appropriate to initially measure agricultural inventory at fair value.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd