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Question - In 2020, X Company's profits after taxes were $177,000. In 2021, the selling price is expected to be $36.20, the variable cost per unit is expected to be $26.90, and total fixed costs are expected to be $230,000. Assuming a tax rate of 35%, what must total revenue be in 2021 in order for X Company to earn profit after taxes of $187,000?
Compute each companys predetermined overhead rate - Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded by job are: Job 418, 12,000 hours; Job
Should the offer be rejected or accepted? Why? The full cost is $25 per dozen. Burns Sporting Goods Company plant has just enough excess capacity on the second
Determine if goodwill is impaired. If not, explain your reasoning. If so, calculate the loss on impairment.
The company's bank statement, also dated April 30, included a $200 NSF check written by one of Sanders's customers.
Identify the amount of under or overapplied overhead, and indicate whether the Cost of Goods Sold account should be increased or decreased to reflect actual overhead costs.
How do Calculate the impact of the exhibit on company profit. (Round intermediate calculations to 4 decimal places, e.g. 0.3215 and final answer)
If they both sell the stock for $40 after a year, what percentage return does each investor earn? In both cases, the value of the stock has risen the same. Why are the percentages returns different
Find how much is the net debit or net credit in the capital account of LAI as a result from the admission of ZI? how much is to be credited to ZI?
In April 1, 3 months interest rate in the UK £ and US $ are 7.5% and 3.5% per annum respectively. The UK £/US $ spot rate is 0.7570. What would be forward rate
Consolidation worksheet for Ogre Ltd and its controlled entity for the period ended 30 June 2012-12 and the consolidated statement of financial position of Ogre Ltd and its controlled entity as at 30 June 2012.
Determine the break-even point in terms of unit and sales in $ and interpret the result find if six workers installed 360 square yards of flooring in eight hour
Make a new contribution format income statement under each of the sales volume increases by 100 units and sales volume decreases by 100 units
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