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Question 1: A company has $30 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 100,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?
Explain whether financial services industry associations have to seek approval from ASIC regarding their codes of practice. Give examples
Balance sheet with a net book value of $1,500,000 and a fair value of $2,500,000. Reticular had no liabilities at this time. What is goodwill in this purchase?
Gerald Englehart Industries changed from the double-declining-balance to the straight-line method in 2015 on all its plant assets. There was no change in the assets’ salvage values or useful lives. Plant assets, acquired on January 2, 2012, had an or..
If the company prepared a budget for 10,000 machine hours, how much total overhead would be budgeted?
How did they get this amount of carrying amount of Bonds $425,853 and interest amount of interest expense $21293.Can you show how to compute those numbers?
Explain the primary manner in which the source, the message, and the audience
Write up the underwriting account in Marvellous Merchant Bank's books. The practice of periodically revaluing assets is often used by accountants
Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department
on 30th june 2001 cole inc. exchanged 3000 shares of stone corp. 30 par value common stock for a patent owned by gore
Harwell Company manufactures automobile tires. On July 15, 2016, the company sold 1,000 tires to the Nixon Car Company for $50 each. The terms of the sale were 2/10, n/30. Harwell uses the gross method of accounting for cash discounts.
Determine the cost of goods sold and ending inventory amounts for July under the average cost, FIFO cost, and LIFO cost. Round average cost per unit
Canton Corporation reported the following items in its adjusted trial balance for the year ended December 31, 2011: Prepare the December 31, 2011, income statement for Canton Corporation, starting with income from continuing operations before income ..
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