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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 110,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?
Calculate the simple payback period for this project. Your desired payback period is 5 years. What would be a good price at which to purchase this business?
Suppose Maxwell's had cost of goods sold during the year of $240,000. Beginning merchandise inventory was $60,000, and ending merchandise inventory was $65,000. Determine Maxwell's inventory turnover for the year. Round to the nearest hundredth.
Crane Company had the following two transactions related to its delivery truck.
What is the importance of providing timely financial information to management. is it more important to be 100% accurate and late, providing financial
1.pink corporation is an accrual basis taxpayer that uses the recurring item exception to the economic performance test
How much revenue each month does the machine need to produce for you to earn $300 after taxes each month? After making your computations does this seem like a good business venture for you?
Chapel Hill Company had common stock of $350,000 and retained earnings of $490,000. Blue Town Inc. had common stock of $700,000 and retained earnings of $980,000. On January 1, 2011, Blue Town issued 34,000 shares of common stock with a $12 par value..
Kardashian Company purchased 100 of the 1000 shares of West Company for $40,000. At this time all of West's assets fair market values approximated their book value. With this 10% ownership, Kardashian was unable to have a significant influence over W..
A $4,000 computer to be used 100% for business located in his home. Illustrate what depreciation methods are available for the automobile and computer?
Martinez Products, Inc. is a manufacturing company that uses a predetermined overhead rate to apply overhead to individual jobs. The company believes that direct labor hours drive overhead costs.
Compute the budgeted merchandise purchases for June. Prepare the budgeted income statement for June through gross profit.
At the end of that time the machine is expected to have a trade-in value of £12,000. The financial year of the business ends on 31 December each year. It is expected that the machine will be used for:
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