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Question - The total cost of local telephone calls and the number of local telephone calls for the last six months for Ted were as follows:
Month Total cost Total number of local calls
October $350 1,650
November $480 3,875
December $200 875
January $400 2,640
February $500 2,750
March $420 2,680
Required - If the high-low method for calculating cost volume profit equation is used, what is the variable cost per call?
a. $0.09
b. $0.18
c. $0.16
d. $0.23
Share capital-preference 6%, sh.50 par value, 20,000 shares authorized, 6,000 shares issued and outstanding sh. 300,000. Construct equity section of FG Company
The ICU 100 sells for $850 installed, and the ICU 900 sells for $1,560 installed. What are the current profit margin percentages on both systems
2. Which of the following is a step in locating offshore assets? a. determine if a subject traveled overseas b. locate the subject's travel agency c. identify the means employed to move cash offshore d. all of the above e. none of the above
The company sells its merchandise for $10 per unit. How much net income would the company earn, before taxes, on the sale of 500,000 units
Suppose the government elected to purchase the bonds in the market and retire them. What would be the economic cost of issuing these bonds
Which is NOT one of the AICPA's Code of Professional Conduct principles?
on may 1 2011 newby corp. issued 600000 9 5-year bonds at face value. the bonds were dated may 1 2011 and pay interest
Equivalent Units of Production Kellogg Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process
mike crane is an audit senior of a large public accounting firm who has just been assigned to the frost corporations
on 1st april 2010 johny purchased five machines for 60000 each. depreciation 10 p.a. on initial cost has been charged
Explain specifically why external auditors are no longer permitted to do significant consulting for a firm that it is auditing. Describe why most companies expect significant added costs to their firm as a result of SOX compliance.
the charter of a corporation provides for the issuance of 102124 shares of common stock. assume that 36269 shares were
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