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Question - Swimkids is a swimsuit manufacturer. They sell swim suits at a selling price is $30 per unit. Swimkids variable costs are $18 per unit. Fixed costs are $88,900. Swimkids expects sales of $278,000 next year. What is Swimkids's margin of safety (in dollars)?
Current assets and current liabilities increased by equal amounts in 2018. What are the effects on the net working capital and on the current ratio?
Which of the following would usually be the greatest amount? Find The book value of an asset is. Inventory Shrinkage is caused by
Samuel, head of household with two dependents, has 2014 wages of $26,000, paid alimony of $3,000, has taxable interest income of $2,000, and a $12,000 0%/15%/20% net long-term capital gain. Samuel uses the standard deduction and is age 38. What is hi..
Kingston Manufacturing has the following labor costs: Factory—Gross wages $390,000 Factory—Net wages 320,000 Employer Payroll Taxes Payable 90,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a deb..
recognition of contingent liability in financial statement.your company has been sued. the plaintiffs accounting expert
Analysis Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Share Capital, and Retained Earnings. Revenue is called Service Revenue
Laycock Ltd suggested that the resulting additional depreciation should be charged against retained earnings. Is this correct? Give reasons for your answer.
ABC Company acquired 25% of the outstanding ordinary shares, What total amount of goodwill of XYZ Company based on the price paid by ABC Company?
SHE volunteers at a local IRS qualified non-profit organization. This organization presented her with a $125 check this year in recognition for her “best fund raising idea” – which netted the organization over $10,000 in additional funds. In addition..
How are general long-term liabilities distinguished from other long-term liabilities of the government? How does the financial reporting of general long-term liabilities differ from the financial reporting of other long-term liabilities?
Palmetto is considering the purchase of a new industrial machine. The estimated cos of the machine is 50,000 The machine is expected to generate annual cash inflows for the next four years year 1 25000 year 2 20000 year 3 20000 year 4 15000 discount ..
If Fornelli, Inc. can purchase the component part externally for $88,000 and only $8,000 of the fixed costs can be avoided, what is the correct make-or-buy decision?
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