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Small Fry Company has sales of $1,000,000, variable costs of $400,000, and fixed costs of $450,000. what is the Small Fry's degree of operating leverage ?
What is Mary's initial basis and holding period in the partnership interest if she sells the interest seven months after inheriting it?
Ron's Pharmacy has collected $600 in sales taxes during March. If sales taxes must be remitted to the state government monthly, what entry will Ron's Pharmacy make to show the March remittance?
Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 45,000 units.
A company has contribution margin per unit of $45 and a contribution margin ratio of 40%. What is the unit selling price?
Disney's variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to increase $40,000, by how much will the company's net i
At the break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $32,000. How much is the selling price per unit?
Fallow-Hawke is funded by a local philanthropy in the amount of $32,000 for 2008. How many deer can Fallow-Hawke capture during 2008?
Reese Company requires sales of $2,000,000 to cover its fixed costs of $700,000 and to earn net income of $500,000. What percent are variable costs of sales?
Fixed costs for March were $4.20 per unit for a total of $4,200 for the month. If variable costs decrease by 10%, what happens to the break-even level of units per month for Dodge Company?
How much sales are required to earn a target net income of $128,000 if total fixed costs are $160,000 and the contribution margin ratio is 40%?
Sutton Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $6 of variable costs to make. During April, 700 drives were sold. Fixed costs for April were $
The following monthly data are available for Tugg, Inc. which produces only one product: Selling price per unit, $42; Unit variable expenses, $14; Total fixed expenses, $70,000; Actual sales for the
If beginning capital was $70,000, ending capital is $48,000, and the owner's withdrawals were $21,000, what was the amount of net income or net loss ?
The accumulated depreciation account had a balance of $105,000 on January 1, 2008, using the straight-line method. what is the gain or loss on disposal ?
Contreras Corporation acquired a patent on May 1, 2010. Contreras paid cash of $25,000 to the seller. Legal fees of $900 were paid related to the acquisition. What amount should be debited to the pa
Answer the following questions using the information below: What is operating income for 20X3?
if $325,000 is determined to be excessive wages by the IRS? Assume Joe is in the 35 percent marginal tax bracket and JS Corporation is in the 34 percent marginal tax bracket.
Product B has a unit contribution margin of $30 and takes three machine hours to make. If there are 1,000 machine hours available to manufacture a product, what income will be ?
if dept a has a %35 gross profit and dept b has a %60 gross profit and dept a is %70 of sales, what is the total gross profit.
The local garden club, an exempt organization, had gross unrelated business income during the year of $15,000. Its costs associated with this income were $9,800. What is its unrelated business incom
The average market price of Foyle's common stock was $20 during 2011. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2011?
On December 31, 2012, 16,000 SARs are exercised by executives. What amount of compensation expense should Korsak recognize for the year ended December 31, 2012?
In addition, during March they drove 750 miles for medical transportation, and their insurance company reimbursed them $900 for the above expenses. On the following segment of schedule A of form 104
how many units would have to be produced to show a profit of at least $4,800,000 under absorption costing? (Round your answer up to the nearest whole unit.)