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information for the year ended December 31, 2010:Sales 110,000Direct materials used 20,800Indirect production costs-fixed 10,400Indirect production costs-variable 6,600Direct labor fixed 12,300 Direct labor-variable 22,300Selling expenses-fixed 33,040Selling expenses-variable 33,440Finished goods inventory, January 1, 2010 12,000Finished goods inventory, December 31, 2010 22,000Work in process inventory, January 1, 2010 0Work in process inventory, December 31, 2010 0Requirements:A) Compute the Cost of Goods Manufactured for the year ended December 31, 2010.B) Compute the Cost of Goods Sold for the year ended December 31, 2010.C) Compute the Net Income(Loss) for the year ended December 31, 2010.
A new shopping mall is considering setting up an information desk staffed by one (1) employee. Based upon information obtained from similar information desks, it is believed that p
Considering the following information, what is the price of the share as per Gordon’s Model? Details of the Company Net sales Rs.120 lakhs Net profit margin 12.5% Outstanding prefe
i. Explain carefully what is meant by a price earnings ratio. ii Utilising a valuation model identify and briefly discuss the theoretical determinants of the ratio. iii
Pinapple Inc. is deciding how to price its two lines of laptops, one of which is a light one for travel (which is called Light) and the other is a powerful one (called Power). Thes
1. An organization owes £300,000 tax at 1.7.X4 and £450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually pa
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Equation illustrates the relationship in between PVA n , A, K and n. So manipulating this a bit: We find that A = PVA n [(k (1 + k) n )/((1 +k) n - 1)] [(k (1 + k) n )/(
Emily Jackson, RSC Designs management accountant, is in charge of preparing the master budget for 2013. She has gathered the following information: 1. Annual profit for the 201
calculation
ABATEMENT OF LEGACIES (a) If the assets, after the payment of debts, necessary expenses and specific legacies, are not sufficient to pay all the general legacies in full, the l
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