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Margin of Safety a. If Armstrong Company, with a break-even point at $660,000 of sales, has actual sales of $880,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $ 2. % b. If the margin of safety for Lankau Company was 25%, fixed costs were $2,325,000, and variable costs were 60% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)
For the assembly department unit material cost is $18 and unit conversion cost is $12 . If there are 50,000 units in ending work in process 35% complete as to conversion costs and 75% material cost, what is the cost assigned to the ending inventory?
Assume that Felde Company sells the same number of units in 2012 as it did in 2011. Illustrate what would the selling price have to be in order to reach the stockholders' desired profit level?
Determine the NPV for the purchase, lease without the service contract, and the lease with the service contract.
Materials are entered at the starting of the process. Conversion costs are incurred uniformly during the process. compute the equivalent units of production for (1) materials and (2) conversion costs.
Explain to Samantha Joyner why a set of financial statements (income statement, statement of retained earnings, balance sheet, and statement of cash flows) would be useful to you in evaluating the loan request.
Prepare all the required closing entries for the company at December 31. Calculate the year ending balance in retained earnings.
Mitchell's usual billing rate is $720 per hour, and Fink's stock has a book value of $340 per share. Illustrate by what amount will Fink's Paid-in capital – excess of par increase for this transaction?
should be recorded by the coy for its fiscal year ended Dec31, 2008, under each of the three methods? Note the machine will have been used for one-half of its first year of life.
Figure out the subsequent Tax Implications for BB, Meaningful, American Red Cross, The Partnership and the Government. Income Tax and Gift Tax
Crush Can pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $62,000 per month of which depreciation is $8,000 of this amount. Hoover pays operating expenses in the m..
During 2007 the assets of Inspiring Sky increased by $30,000, and the liabilities increased by $15,000. If the owners equity in Blue Sky is $84,000 at the end of 2007, the owners equity at the beginning of 2007 must have been: Sea Coast Potters purch..
B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $376,000 with a 6-year life and no salvage value. It will be depreciated on a straight-line basis. B2B C..
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