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West Star Company manufactures and sells computer monitors at $200 each. The following is the cost information for the manufacture and sale of one monitor, given the normal manufacture and sales level of 5000 is:
West Star actually has the capacity to produce 7000 monitors, but demand has not been high enough to do so. West Star received a special order for 1500 monitors at a sales price of $175 per unit. West Star will pay a reduced sales commission on the special order, reducing variable selling and administrative expenses from $12 per unit to $8 per unit. What is the net effect of the special order on the company's profit? Show your work.
are preferred dividends deducted from net income when calculating earnings per share? if so why and are there any
Suppose, revenue shown on the accrual basis income statement was $200,000. Accounts receivable were $5,000 on January 1, 2008 and $3,000 on December 31, 2008.
columbia enterprises is studying the replacement of some equipment that originally cost 74000. the equipment is
Evaluate the importance of ethics in accounting. Do you think ethical behavior is more or less important in this profession than in others? Defend your position. Analyze the code of professional conduct, including enforceable and non-enforceable p..
Patel and Sons, Inc., uses a standard cost system to apply overhead costs to units produced. Practical capacity for the plant is defined as 50,000 machine-hours per year, which represents 25,000 units of output.
what is a liquidating distribution? what is a nonliquidating distribution? provide an example of each.what is an
margan corporation had the following transactions and events. 1. declared a cash dividend. 2. issued par value common
On March 3, Hinckley Appliances sells $580,000 of its receivables to Marsh Factors Inc. Marsh Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Hinckley Appliances' books to record the sale of the rece..
Wishbone Company maintains two separate accounts payable computer systems. One is known to all the users, and is used to process payments to vendors.
Assume none of the fixed expenses for the Basic line are avoidable. What will be total net income if the line is dropped?
you are auditing the accounts receivable balance of a cable television provider. individual accounts receivables tend
mr. jones intends to retire in 20 years at the age of 65. as yet he has not provided for retirement income and he wants
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