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If fixed costs are $300,000, the unit selling price is $31, and the unit variable costs are $22, what is the break-even sales (units) if fixed costs are reduced by $30,000? Answer 30,000 units 8,710 units 12,273 units 20,000 units (300000-30000)/(31-22) = 30000 units
The 2010 standard deduction amount is $11,400 and each exemption is $3,650. What is the total amount of from AGI deductions they are allowed to claim on their 2010 tax return?
Focus on the Case Study sections VIII-XV, pp. 20-39 and use your knowledge of the Motiwalla & Thompson textbook, chapters 5-9 inclusive and at least 6 academically sound external sources, to develop your report.
On March 1, 2015, when the market price of Wilson's stock was $14 per share, 3 million of the options were exercised. The journal entry to record this would include:
Roskoff subsequently paid this balance. At December 31, 2009, an analysis of the accounts receivable aging schedule indicated the need for an allowance for uncollectible accounts of $14,900.
What would be the flexible budget amounts at an activity level of 12,000 machine hours if indirect materials is a variable cost and factory rent was a fixed cost?
Hanover Toy Store has budgeted sales of $48,000 for its electronics department in November. Management wants to have $11,000 in electronics inventory at the end of November. The beginning inventory of electronic toys is expected to be $9,000. What..
What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?
Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner?
Stock Options, Prepare the necessary entries from 1/1/10-2/1/12 for the following events using the fair value method. If no entry is needed, write "No Entry Necessary."
Journalize Fidelity's distribution of the stock dividend on May 11. What was the overall effect of the stock dividend on Fidelity's total assets? On total liabilities? On total stockholders' equity?
Assuming that the equipment sold on April 5, 2009 what would the accumulated depreciation on equipment and the loss of disposal fixed assets be in April of 2009?
Sally vaguely remembers her tax professor in college warning the class that some real estate agents tend to oversell the tax benefits of home ownership. What factors would cause the actual tax savings of a $28,000 mortgage payment to be less than ..
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