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Question - Ringstaff Corporation produces and sells a single product. Data concerning that product appear below:
per unit percent of sales
selling price............... $150 100%
variable expenses........... 30 20%
contribution margin......... $120 80%
The company is currently selling 7,000 units per month. Fixed expenses are $615,000 per month. The marketing manager believes that a $21,000 increase in the monthly advertising budget would result in a 180 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change?
a. decrease of $21,000
b. decrease of $600
c. increase of $600
d. increase of $21,600
my company makes a product x product y and product z. they all require processing on specialized finishing machines.
Based on the data in Exercise 7-11 and assuming that cost was determined by the FIFO method, show how the merchandise inventory would appear on the balance sheet.
Question - Why is the design and storage of accounting data important to an accounting information system
the lemon company made a credit sale of 20000. the invoice was sent today with the terms 310 net 30. this customer
Granite Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,700. The machine requires special mounting and wiring connections costing $11,700. When installing the m..
Conaway Company purchased a machine for cash on January 1, 1998. The price was $31,000. In addition, Conaway incurred costs of $200 in transporting the machine to the factory site and a further $800 in installing the machine.
Roley Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts.
1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2012 to 2014. 2. If the preferred stock had been noncumulative, how much would have been allocated to the preferred and common stockholders ..
3. What is the amount of bond interest expense recorded on the first interest payment date?
a company has sales of 2826402 a gross profit ratio of 23 a days sales in inventory ratio of 13.9 and total current
Ripken Company's ending inventory includes the following items. Compute the lower of cost or market for ending inventory applied separately to each product.
A company has installed a piece of machinery for a total of $76,000. In its third month of operation, repairs of $1,300 had to be made on the machine. This $1,300 would be:
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