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Problem 1: PanAfrica Construction bought a small crane ten years ago for $140,000. The crane is being depreciated over a 15-year life to a salvage value of $20,000. PanAfrica pays taxes equal to 40 percent of ordinary income and capital gains. What is the tax liability (or saving) if the crane is sold now for $92,000?
Inventory turnover = 5.0, average inventory = $20,000, and beginning inventory of raw materials = $15.000. Compute purchases for March
If the margin of safety for Spearfish Company was 30%, fixed costs were $1,750,000 and variable costs were 80% of sales, what was the amount of actual sales (dollars)?
If production is higher than sales, then absorption costing income is expected to be? Incomparable with variable costing income
Calculate the total fees you will pay on this loan commitment - Calculate the amount of capital funding Harper's Dog Pens raised through this bond issue
What The spending variance for bus operating costs in November would be closest to? The actual cost for bus operating costs in November was $305,100.
Compute total fixed costs assuming a breakeven volume in dollars of $2,000,000. Compute sales volume in dollars to produce an after-tax net income
Compute the Accounting Rate of Return. The estimated useful life of the equipment will be 5 years, at which point it will have a $10,000 terminal salvage value.
Fox Company management, Due to increased? competition, Fox needs to lower its selling price to? $45. How will? break-even sales in units be? affected?
A manufacturing company produces 80,000 units of product A at a total cost of $2.4 million. Total fixed costs are $1.4 million. If the company increases production by 25% and uses a 19% markup the price per unit will be:A) $31.54B) $30.80C) $51.80D) ..
What the number of equivalent units for materials for the period is? Plum, Inc., uses the FIFO process costing method to determine the product unit.
Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples.
Polaris financial statements and notes in Appendix A provide evidence of growth potential in its sales.
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