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Comparative 2012 and 2013 income statements for Dakota Products Inc. follow: DAKOTA PRODUCTS INC. Comparative Income Statements For Years Ending December 31, 2012 and 2013 2012 2013 Unit sales 6,000 9,000 Sales revenue $ 78,000 $ 117,000 Expenses (70,000) (85,000) Profit (loss) $ 8,000 $ 32,000 (a) Determine the break-even point in units. (b) Determine the unit sales volume required to earn a profit of $12,000.
Calaf’s Drillers erects and places into service an off-shore oil platform on January 1, 2015, at a cost of $10,366,000. Calaf is legally required to dismantle and remove the platform at the end of its useful life in 10 years. Calaf estimates it will ..
What are 2 control plans that you note in the flowchart above? Is this process an: (a) batch input, batch processing, (b) OLTE, batch processing, or (c) OLRT processing system? Provide evidence from the flowchart above that supports your choice in (2..
What qualitative factors (that is, issues with vendors, customers, or within the product itself) should the Ski Pro Corporation consider in determining whether they should make or buy the bindings?
The cost of laptop computers is decreasing at a rate of 12% per year. You can earn 7.4% annual interest from a "junk Bond" fund. If the laptop you want currently costs $1500 and you have $800 to invest, when will your money equal the cost of the ..
Why might a company want to reduce its cash conversion cycle - How might a company reduce its cash conversion cycle?
Prepare all necessary journal entries for the year 2014 and calculate the amount of gross profit that would be recognized each year from installment sales.
Hip Duds Company is considering the purchase of new machines on January 1, 2015. Trail Power has been using the same machines to make its name brand clothing for the last five years. A cost efficiency consultant has suggested that production costs ma..
What does the term noncontrolling interest mean? Where should the noncontrolling interests claims be reported in a consolidated set of financial statements?
Explain the effects of the interest capitalization on the financial statements for all three years. Ignore income.
It can be argued that whether a company pays or does not pay dividends; it is irrelevant to the value of the firm. State some of those arguments do you concur with these arguments or do you disagree?
1.Understanding the management assertions related to a speci?c control is an important factor in preparing the tests of controls. Using the assertions provided below, select the management assertion(s) that relates to the purpose of the controls in t..
Having trouble setting up journal entries, I know accounts recievable would be increasing and sales discounts would be be credited? Would much appreciate some help.
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