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Questions -
Q1. Breakeven Selling Price = $15
Variable Cost = 5
Fixed cost = (100,000 units) 4
What is break even in units? Please explain step by step?
Q2. Inventory turned 17 times in a year. How many days did inventory turn? (Please explain, details).
Q3. If accounts payable is credited what accounts cannot increase. (Please explain).
Q4. What is the formula for a non-government fund? (explain the differences).
Kelly Groucutt Company reported the following balances at December 31, 2009: common stock $400,000; paid-in capital in excess of par value $100,000; retained earnings $250,000.
Amount of inventory of unsold straight chairs, Gross profit realized during 2017
Jackie makes and sells handmade beaded jewlry. During March, Jackie actually produced and sold 120 necklaces. Prepare a flexible budget for the month of March
Didde Company issues $20,000,000 face value of bonds at 96 on January 1, 2013. The bonds are dated January 1, 2013, pay interest semiannually at 8%.
Even if you cannot get access to such a package, try to get hold of one of the newer generation of accounting packages, such as Quicken or Money, which are aimed at use in the small business, or for domestic accounting.
Show the journal entries that OTT and NN would record for items (a)-(e). Use a two- part table, with the left side showing OTT's journal entries and the right side showing NN's journal entries.
There are 11 units of the product in the physical inventory at November 30. Determine the inventory cost by the average cost method
The price of a house (first time buyer) $400,000.You put down 10% down and finance the rest 30 yr mortage. Compute the tax benefits of the total deductuibles.
When you are preparing a partial balance sheet for a 2 year period showing any items related to the contract in a percentage of completion method how do you figure out your accounts receivable, construction in progress and billings figures?
Since its organization on January 1, 2001, Langle Inc failed to properly recognize accruals and prepayments. Need to compute the net income for the years 2001,2002, and 2003 (ignore income taxes)
insurance expense 8000 cashe 7000 accounts payable 7000 advertising expense 3000 service revenue 80000 ansel drawing
How does this information affect the financial statements to be prepared at the end of 2010?
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