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Ashland Burglar Alarms Inc. sells a single product. The product has a selling price of $50 per unit and variable expenses of 80% of sales. If the company's fixed expenses total $150,000 per year, then it will have a break-even point in sales dollars of:
A) $750,000
B) $187,500
C) $15,000
D) $3,750
What's a probability distribution? What's it used for and why do we care? Does a probability distribution guarantee a particular value will occur under a set of circumstances?
Speculating with Currency Futures: Suppose that a March futures contract on Mexican Peso was available in January for $.09 per unit. Also suppose that forward contracts were available for same settlement date at a price of $0.092 per peso.
On June 1, 2013, Madison notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1, 2013. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 3..
What adjustments should be made to net present value to account for inflation?
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Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary a..
Chipco paid $15 million of foreign taxes on its foreign-source manufacturing profits and $2 million of foreign taxes on its foreign- source passive investment income. Assume that the U.S. tax rate is 35%.
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Average storage bin usage for various inventories was estimated to be 200 per day. The costs and cost drivers were determined to be as follows:
What is the budgeted factory labor costs for July? What amount would appear in the July selling, general, & administrative expense budget?
A CPA is interested in testing the fairness of the ending inventory balance at an audit client. He has relatively little experience using statistical sampling methods and, does not like to turn anything over to random chance.
In a manufacturing company the proper journal entry (without numbers) to record the purchase of direct materials would be:
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