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Below is a performance report that compares budgeted and actual profit in the sporting goods department of Maxwell's Department Store for the month of December.Maxwell's Department StoreSporting GoodsPerformance ReportDecember 2008
Budget Actual DifferenceSales $600,000 $675,000 $75,000Less:Cost of merchandise 300,000 375,000 75,000Salaries of sales staff 60,000 68,000 8,000Controllable profit $240,000 $232,000 ($8,000)
Required:
a: Evaluate the department in terms of its increases in sales and expenses. Do you believe it would be useful to investigate either or both of the increases in expenses?
b. Consider storewide electricity cost. Would this cost be a controllable or a noncontrollable cost for the manager of sporting goods? Would it be useful to include a share of storewide electricity cost on the perforance report for sporting goods?
Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Copper?
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A machine can be purchased for $10,500, including transportation charges, but installation costs will require $1,500 more. The machine is expected to last four years and produce annual cash revenues of $6,000.
Over the past twenty years, the number of small family farms has fallen significantly also in their place there are fewer, but larger, farms owned by corporation.
Assume a reuqired market rate of 10% is each case, what is the value of the equity share?
Additionally, if it abandons the project, the company will have no cash flows in years 3 and 4 of the project.
Northeast Company has 200,000 shares of common stock and 50,000 warrants outstanding. Each warrant entitles its owner to buy one share at a price of $20 before 2010.
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Jordan wants to retire in 15 years when he turns 65. Jordan wants to have enough money to replace 75% of his current income less what he expects to receive from Social Security at the beginning of each year. Determine the correct statement
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