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Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000.
Required:
1. What is the company's contribution margin (CM) ratio? (Omit the "%" sign in your response.)
Contribution margin ratio %
2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,500. (Omit the "tiny_mce_markerquot; sign in your response.)
Estimated change in net operating income $
China Corp. has a current capital structure of $18 million in secured bonds paying 6.5% annual interest, $8 million in preferred stock with a par value of $50 per share and an annual dividend of $3.80 per share
For the following four cases, use the expanded accounting equation to compute the missing quantity.
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In addition, Otter has tax-exempt interest income of $250,000 and makes distributions to Ellie and Linda of $50,000 each. Discuss the impact of this information on the taxable income of Otter, Ellie, and Linda if Otter is:
What criterion must be met for true comparability?
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On January 1, 2010, the balance in Kubera co.'s Allowance for Bad Debts account was$9720. during the year, a total of $23900 of delinquent account receivable was written off as bad debts, the balance in the allowance for bad debts account at Decem..
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