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Stryker Industries received an offer from an exporter for 15,000 units of product at $17.50 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data is available: Domestic unit sales price $20 Unit manufacturing costs: Variable 11 Fixed 1 What is the differential cost from the acceptance of the offer? a.$165,000 b.$85,500 c.$262,500 d.$200,000
Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second m..
On the first day of the fiscal year, a company issues a $4,000,000, 6%, five-year bond that pays semi annual interest of $120,000 ($4,000,000 × 6% × ½), receiving cash of $4,175,041. Journalize the first interest payment and the amortization of the r..
On August 1, a company accepted a 90-day note receivable as payment for services provided to another company. The terms of the note were $20,000 face value and 6% interest. What is the journal entry to record the total accrual of the note on October ..
An investor invested a total of $2,600 in two mutual funds. One fund earned a 7% profit while the other a 3% profit. If the investor's total profit was $138, how much was invested in each mutual fund? The amount that was invested in the mutual fund t..
Prepare the 2015 Balance sheet and Income statement for the Hogan's Accessories Inc. using the following information.
In 2009, two small retail customers filed separate suits against the company alleging misrepresentation, breach of contract, conspiracy to violate federal laws, and state antitrust violations arising out of their purchase of retail grocery stores thr..
The vice president of operations of Avigi IQ Company is evaluating the performance of two divisions organized as investment centers. Prepare condensed divisional income statements for the year ended December 31, 2012, assuming that there were no serv..
Based on your research, please discuss how FIFO is used to determine the value of ending inventor and cost of goods sold. Based on your research, please discuss how LIFO is used to determine the value of ending inventor and cost of goods sold.
preparation of cash flows statement using indirect method.presented below is information related to the operations of
Which of the following describes the risk assessment component of internal control
Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending December 31, 2012.
Management is considering a project with sales of $100,000, variable expenses of $60,000, fixed costs of $40,000; and an asset investment of $150,000. Should management accept this new project?
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