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Question - A Company has two product lines, Model A and Model B. The unit contribution margin is, respectively, $110 for the Model A and $175 for the Model B. Both models need assembly and testing. Each Model A requires 3 hours to assemble, while each Model B requires 4 hours. The total time available in the Assembly Department is 12,240 hours. In addition, each Model A requires 2.5 hours to test and each Model B requires 1.5 hours to test. The total time available in the Testing Department is 6,090 hours.
Required -
a. Based on this information, what is the optimum production plan for the company?
b. At the optimum production level, what is the total contribution margin?
Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split
Roberto Corporation was organized on January 1, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Roberto had the following transactions relating to shareholders' equity:
a proposed new investment has projected sales of 832000. variable costs are 57 percent of sales and fixed costs are
Wolfpack Inc. has the following information available at year-end: What should be Wolfpack's total liabilities balance at year-end
Key comparative information for Nokia (www.Nokia.com), which is a leading global manufacturer of mobile devices and services, follows (in EUR).
Prepare the general journal entry (without explanation) for the payment of the balance due. If no entry is required then write "No Entry Required."
The company acquired a machine on January 1 at an original cost of $60,000. The machine's estimated residual value is $10,000, and its estimated life is 10,000 service hours.
Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated by the simplified straight line method over its 5 year depreciable life
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
Moonlight Bay Inn is incorporated on January 2, 2014, by its three owners, each of whom con- tributes $20,000 in cash in exchange for shares of stock in the business. In addition to the sale of stock, the following transactions are entered into du..
Record the following journal entries in proper form for the following economic transactions for which occurred in December of 2019
Construct a spreadsheet to calculate the payback period, internal rate of return, modified internal rate of return, and net present value of the proposed mine.
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