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The forecast income statements are as follows:
WORKINGS
Sales = 50000 × 1·12 = $56000000
Variable cost of sales = 30000 × 1·12 × 0·85 = $28560000
Fixed cost of sales = 30000 × 0·15 = $4500000 (assumed to be constant)
Administration costs = 14000 × 1·05 = $14700000
Interest under debt financing = 300 + (5000 × 0·1) = 300 + 500 = $800000
Types of interest given under a will The interest given in a legacy, devise or gift of residue may be of the following kinds:- 1. Vested: A vested interest gives an immedi
Baseball Products manufactures a single product with the following full unit costs at a volume of 2,000 units: Direct materials $ 900 Direct labor 360 Manufacturing overhead* 6
Q. What do you mean by Bankruptcy? Bankruptcy - Legal process, governed by federal statute, whereby the DEBTS of an insolventperson are liquidated after being satisfied to the
Assume you invest $150 per month in a stock. Stock prices are as follows: January $10.50, February $9.75, March $9.50, April $11.00, May $10.75, June $9.75, July $9.00, August $8.5
Question: The following information was extracted from the books of William Noel for the year ended 30 April 2009.
Enumerate the scope and utility of management accounting.
The following information for the six months ended 31 December 2009 relates to the business of Mr N Morris: a) Opening cash (including bank) balance Rs 1,200 b) Productio
APPLICATION FOR GRANT 1) An application for a grant of representation ("representation" means the probate of a will or the grant of letters of administration) is made in such a
The business is considering two proposals for their promotions of the professional courses.Proposal one could give a stable return throughout the period. Proposal Two would give hi
What are features of branch accounts?
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