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Wind Bicycle company sold 500 bikes in december 2003. The selling price was $500 per unit, the variable expenses were #300 per unit. Wind incurred a total of $80000 fixed expenses for the month
What is the income, contribution margin, unit contribution margin, and contribution margin ratio?
What is the relationship between receivables and cash? What is their influence on liquidity and solvency? How do they affect competitiveness? Why are sales revenue and gross margin so important?
Explain the concept of “business ethics”. Critically discuss the term “complex ethical dilemma”. Reviewing the real life situations mentioned in the document Complete Guide to Ethics Management:
One function of the AIS (accounting information system)is to provide adequate controls to ensure the safety of orgnizational assets, including data. Many people, however, often view control procedures as "red tape." Discuss how controls can improv..
Inventory transactions.
company p owns 80 of company s. on january 1 20x3 company s has outstanding 6 bonds with a face value of 200000 and an
Marilyn's basis in the partnership interest was $80,000 before the distribution. What is Marilyn's basis in the inventory, land, and partnership interest following the distribution?
Evaluate the number of shares to be employed in determining diluted earnings per share for 2013.
Booth Financial Services, LLC has two revenue producing departments, Financial Planning and Business Consulting. The accounting department is trying to determine the best method to allocate $1,000,000 of common costs (secretarial staff, reception ..
On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On June 30, 2013, how much are the total interest p..
The partnership agreement does not specify the division of profits and losses. How will net income and net loss be divided?
Compute the amount of fixed manufacturing overhead that would be expensed in the current year if full absorption costing is used. Compute the amount of fixed manufacturing overhead that would be expensed in the current year if variable costing is u..
Visit any retail establishment of your choice in order to assess how the organization has implemented the generic marketing strategy and the segmentation strategies.
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