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Manor, Inc. which has excess capacity, received a special order for 4000 units at a price of $15 per unit. Currently, production and sales are budgeted for 10,000 units without considering the speci
At that time, it was estimated that the dining room set could be sold for $2,400 as repossessed, or for $3,000 if the company spent $300 reconditioning it. The gross profit rate on this sale was 70%
Meca revised its estimate and now believes the mixer will have a total service life of only six years, and that the residual value will be only $2,000. Compute depreciation for 2009 and 2010.
On March 1, the beginning work in process inventory consisted of 20,000 units which were 60% complete and had a cost of $190,000, $145,000 of which were materials costs. During March, the following
A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how many units must be sold?
PepsiCos operating profit was $ 6.44 billion in 2006 and $ 5.92 billion in 2005. Based on these figures, which company had higher operating leverage?
Your friend Lucy slept through a class in which her professor explained the concepts of depreciation and amortization.
A June sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. T
Bartels Corp. produces woodcarvings. It takes 2 hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 10,000 carvings and used 21,
The statement "Bond prices vary inversely with changes in the market rate of interest" means that if the
McKinsee Inc. is developing a plan to finance its asset base. The firm has $5,000,000 in current assets, of which 20% are permanent, and $12,000,000 in fixed assets. Long-term rates are currently 9.
Garza Co. had the following transactions during the current period.
Purchased 5 cars for a total of $100000 three years ago. Now replacing them with newer cars. Company has depreciated 92.59% of old cars ad sold cars for a total of $25000. Tax rate is 40%. What is t
Variable expenses for Alpha Company are 40% of Sales. What are sales at the break-even point, assuming that fixed expenses total $150,000 per year:
What is the gross profit for Dulls assuming the constant gross margin percentage method is used?
Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's Paid-in capital-excess of par increase for this transaction?
The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations. These gains or losses may be classified as what?
What account balances are included in a revenue and collection cycle? What specific control procedures should be in place and operating in internal control governing revenue recognition and cash acc
______________ is the process of naming broad product-markets and then segmenting these broad product-markets in order to select target markets and develop suitable marketing mixes.
Based on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2011?
Unit-level costs associated with manufacturing the fax machines are $15 each for direct labor and $40 each for direct materials. Product-level and facility-sustaining costs are $50,000 and $65,000,
If the market rate of interest is 10%, a rational person would just as soon receive $1,100 three years from now as what amount today (round to the nearest dollar)?
Describe the difference between exchange and nonexchange transactions and discuss the rules for recognition of revenues and expenses/expenditures for each type of transaction.