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Shock Electronics sells portable heaters for $25 per unit, and the variable cost to produce them is $17. Mr. Amps estimates that the fixed costs are $96,000.
a. Compare the break-even points in units.
b. Fill in the table below (in dollars) to illustrate that the break-even points has been achieved.
Sales:
-Fixed Costs:
-Total variable costs:
Net Profit (Loss)
Compute the cost of goods destroyed. Compute the cost of goods destroyed, assuming that the gross profit is 25% of sales.
Morgantown Movers has net working capital of $11,300, current assets of $31,200, equity of $53,400, and long-term debt of $11,600. What is the amount of the net fixed assets?
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Record the tax levies in the Ingham County Tax Agency Fund. Record the collection from the 2011 tax levies in the Ingham County Tax Agency Fund and the specific liabilities owed each fund and unit (Round all amounts to the nearest whole dollar.)
Determine the effect on EZ's accounting equation relative to the sale, collections, and write-offs of accounts receivable during 1007. What is the net realizable value of accounts receivable on December 31, 2007, under each assumption in part (2)?
You are to prepare the comments as requested, giving the implications and the limitations of each item separately. Then prepare a collective inference that may be drawn from the individual items about Carismo's solvency and going-concern potential..
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