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1. Sales price $13.76 per unit
Variable costs $5.31 per unit
Fixed Costs $54694
Units sold 14513
What is the effect on net income if one more unit is sold? Round your answer to two decimal places and do not use commas or dollar signs.
2. Sales price $6.77 per unit
Variable costs $2.22 per unit
Fixed Costs $10182
Budgeted number of units 4185
What is margin of safety in units? (Round to the nearest whole unit in your final answer)
The cost of equipment purchased by Charleston, Inc., on June 1, 2010 is $89,000. It is estimated that the machine will have a $5,000 salvage value at the end of its service life - Compute depreciation expense on the machine for the year ending Dec..
Six years ago, NewCo, Inc., a domestic manufacturer of mold- injection systems, established a sales and service operation in Madrid, Spain. The Madrid office was structured as a Spanish corporation, but NewCo made a check-the-box election to treat th..
Provide an overall assessment of the corporate financial reporting objectives, identify the ethical challenge for the accountant who must, as part of TP's management team, make recommendations with respect to accounting policy.
During 2015, a company reported an increase in the defferred tax liability account of $ 77,990, an increase in the differed tax asset account of $ 35,325, and an income tax liabilty as per the 2015 income tax return of $ 398,555. What in the income t..
A car dealership offers a lease on an $18000 car. The lessee will pay $2000 down and $200 per month for 36 months. He then has the option to purchase the car for $13000. Instead, he could borrow from a bank the $16000 at 6.5% compounded monthly. Find..
sales budget has been prepared for April. Management wants the amount of ending inventory each month to be equal to 10% of that month's cost of goods sold.
For each account, indicate (a) whether the normal balance is a debit or a credit, and (b) the financial statement-balance sheet or income statement-where the account should be presented.
You have been assigned the task of explaining how the Supply and Demand of Bonds operates in the bond market. In your own words discuss some of the key pieces of information that we should be familiar with.
Boyne Inc. had a beginning inventory of $12,000 at a cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at retail. Net mark-ups were $10,000; net markdowns were $7,000; and sales revenue was $147,000. Compute ending inventor..
Additional sales were made to Steven in 2009 at a transfer price of $75,000 that had cost Nicole $54,000. Only 10% of the 2009 purchases had not been sold to outsiders by the end of 2009. Illustrate what amount of unrealized inter-company inventory..
After paying the movie distributors and meeting all other non-interest expenses, the owner expects to net $2.00 per ticket sold. Construction costs are $1,000,000 per screen.
Evaluate the length of the inventory conversion period and Determine the length of the receivables conversion period.
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