How much will griffins average operating assets be
Griffin Corp. is evaluating its Piquette division, an investment center. The division has a $60,000 controllable margin and $400.000 of sales. How much will Griffin's average operating assets be when its return on investment is 10%?
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Dreary Days, Inc. sells raincoats at a selling price of $25.00 for each raincoat. The variable cost per raincoat is $14.00. Total fixed costs are $142,000. What is the contribution margin ratio?
Kolinchak Company's expected gross payroll for the period is $300,000. Assuming that its FICA rate is 7.65%, its FUTA rate is 0.8% and its SUTA rate is 5.4%, what is the expected payroll tax for the period?
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Barton Corporation has provided the budgeting information for you to determine its expected bonus payments. Barton's bonus rate is 7.5%. If Barton's bonus base is income before bonus or taxes, what is the expected bonus amount?
Griffin Corp. is evaluating its Piquette division, an investment center. The division has a $60,000 controllable margin and $400.000 of sales.
Kolinchak, Inc., expects its gross payroll for the period to be $100,000. It expects to withhold 7.65% of gross payroll for FICA taxes, 15% for Federal Income taxes and 5% for State Income taxes. What is the expected net pay for the period?
It costs Lannon Fields $28 of variable costs and $12 of allocated fixed costs to produce an industrial trash can that sells for $60. A buyer in Mexico offers to purchase 3,000 units at $36 each.
Timkin Company%u2019s current costs per unit of producing the subassemblies internally (with the old equipment) are given below. These costs are based on a current activity level of 40,000 subassemblies per year.
If the old equipment is replaced now, it can be sold for $60,000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years.
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