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PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change–related services represent 70 % of its sales and provide a contribution margin ratio of 20 %. Brake repair represents 30 % of its sales and provides a 40 % contribution margin ratio. The company’s fixed costs are $ 15,600,000 (that is, $ 78,000 per service outlet). The company has a desired net income of $ 52,000 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)
The President informs you that Beverly's Building Products agrees to convert the $14,000 overdue accounts receivable (invoice No. 1119) balance to a 12% note due six months from today. Would this journal entry be recorded in the general journal or..
Consider the following products: (a) a power screwdriver for use in the home; (b) a desktop. Inkjet printer; (c) an electric car. Using Web based resources, make your estimate of the following factors needed for the development project to launch each..
Purchased HTM investment on January 2, 2016, of $233,339 in Eiffel Corporation’s $240,000 face value, 3 percent bond, yielding 4 percent to maturity, interest paid annually on December 31. On December 31, 2017, the fair value of the bond is $180,000,..
Calculate cost of goods sold and ending inventory under the following cost flow assumptions
What type of serial bond schedules an increase each year in annual principal repayment approximately equivalent to the decrease in interest payments?
Feller Company issues $20,000,000 of 10-year, 9% bonds on March 1, 2010 at 97 plus accrued interest. The bonds are dated January 1, 2010, and pay interest on June 30 and December 31. What is the total cash received on the issue date?
During the year ended December 31, 2016, Jones Inc. received $110,000 cash from customers. The company began the year with a balance in Accounts Receivable of $15,000, all of which was received in 2016. At the end of the year, customers owed Jones In..
Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? What is horizontal analysis of financial..
Calculate the book value of a three-year-old machine that cost $110,000, has an estimated residual value of $11,000, and has an estimated useful life of four years. The company uses double declining-balance depreciation
Depreciation Accounting - Straight-line depreciation was used throughout the machine's life. determine the depreciation expense for the fourth year of the machine's useful life.
Analysis of the receivables indicates doubtful accounts of $20,000 - in March of the following fiscal year, the $550 owed by Flake Co. on account is written off as uncollectible.
The net present worth of each investment for a MARR = 12%. The equivalent uniform annual profit of each investment for a MARR = 12%. Which investment should be chosen?
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