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a. knick company budgets sales of $2,750,000 fixed costs of $600,000 and variable costs of $1,760,000. What is the contribution margin ratio for Knick Company?
b. if the contribution margin ratio for koval company is 40%, sales were $1,450,000 and fixed costs were $356,000 what was the income from operations?
prepare entries in general journal form to record the following transactions in general fund general ledger accounts
the account balance was transferred to a bank paying 10%, and annual deposits of $6,000 were made at the end of each year from the seventh through the tenth years. What was account balance at the end of the tenth year?
Which of the companies uses a multiple-step income statement format? (These companies' income statements are in Appendix A
The wage then increases to $10. The wage then increases to $14. Each time the budget constraint: a. Rotates clockwise with new vertical intercept higher than before and new horizontal intercept lower than before
Evaluate the yield that Trevor would earn by selling the bonds today. Evaluate the present value of $4,300 under each of the subsequent rates and periods.
2011 Jan. 2 Purchased 80,000 shares of Bushtex Co. common stock for $544,000 cash plus a broker's fee of $3,400 cash. Bushtex has 160,000 shares of common stock outstanding and its policies will be significantly influenced by Kash
On September 30, MFP Co. paid employee salaries $7,000, including $1,000 it owed to its employees last month. What are effects of this transaction on the accounting equation?
The costs will be allocated based on the number of employees using the direct method. Information regarding costs and how much of the accounting department costs will be allocated to the production
1. in mid-december a bank treasurer projects that loan demand will require a 10 million borrowing on march 15. the
Which organizational form allows the business to be a separate, distinct entity from the owners
Illustrate what amount of the joint costs will be assigned to Product A if joint costs are allocated on the basis of number of units produced?
Garland Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2013. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31. Garland uses the straight-line method of amortization. What i..
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