Holiday card company a producer of specialty cards has

Assignment Help Accounting Basics
Reference no: EM13389394

Holiday card company, a producer of specialty cards, has asked you to complete several calculations:

Income tax rate 30%

Selling price per unit $6.60

Variable cost per unit $5.28

total fixed costs

1. what is the breakeven point in cards?

2. What sales volume is needed to earn an after-tax net income of $13,028.40

3. How many cards must be sold to earn an after-tax net income of $18,480?

Reference no: EM13389394

Previous Q& A

  Assume the role of marketing manager select a product good

the final paper should demonstrate an understanding of the materials texts assignments and discussions covered in this

  In light of text readings estimate article and source of

what is the economys current stage in the business cycle? support your answer with an article written within the last

  Identify the most efficient capital structures for both a

personal selling and sales objectivesnbsp please respond to the followingcompare and contrast a personal selling

  Countries specialize in those products in which they have

the law of comparative advantage recommends that countries specialize in those products in which they have a

  Strengths weaknesses opportunities and threats swot are

strengths weaknesses opportunities and threats swot are critical components of a marketing plan. for this assignment

  Which of the following budgets permits for adjustments in

which of the following budgets allow for adjustments in activity levels?a static budgetb continuous budgetc zero-based

  Describe creation of money from excess reserves and

explain the creation of money from excess reserves and the multiple deposit expansion in the banking system. how does

  Describe why is it important to understand the cultural

discuss the nature of social and labor issues that domestic manufacturers will likely face with their international

  Some economist think that 2008 economic recession and

some economist believe that the 2008 economic recession and financial crisis was caused by a perfect storm. explain

  Discuss whether or not operating practices should be

discuss the anticipated impacts both positive and negative upon operating efficiencies and recommend solutions to

Reviews

Write a Review

 

Similar Q& A

  Difference between tax refund and tax benefit

What are the chances that a company will have 20 years of losses to actually use a loss carryforward (and still be in business)? How do accounting principles support holding an asset on the balance for this long?

  Determine the federal income tax for 2013 for the deans

Lance H. and Wanda B, Dean are married. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time by a law firm as a paralegal.

  Equity process to account for the investment

Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?

  Calculate the three overhead variances

The 17,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $136,500.Calculate the following three overhead variances:

  Journalizing the two adjusting entries

(1) Journalize the two adjusting entries required to bring the accounts affected by the taxes up to date as of July 31. (2) What is the amount of tax expense for July?

  Determining percentage-of-completion method

Dalton Construction Co. contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to the construction are:

  Journal entry to record pension-related amounts

The interest (settlement) rate applicable to the plan is 10% On January 1, 2011, the company amends its pension agreement so that service costs of $500,000 are created. Other data related to the pension plan are as follows:

  Total accrued amount

If an officer is not actually paid his salary but the salary is shown as accrued for 2010, for a C Corp, is the total accrued amount for that officer included on Schedule E or only what the officer is actually paid in 2010?

  Incremental borrowing rate

Five equal payments of $10,000 per year are required by the term of the lease, with the first payment due upon signing. Quattro's incremental borrowing rate is 8%, but its implicit interest rate is unknown.

  Make a chronological list of investments cash flows note

on january 2 20x1 bruce greene invested 10000 in the stock market and purchased 500 shares of heartland development

  Impact of transaction on net operating income

ABC Company accepted a national credit card for a $2,500 purchase. The cost of the goods sold is $2,000. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?

  Capital asset acquisition

In its Statement of Net Assets, a government reported: Assets of $90 million, including $30 million in capital assets (net) and liabilities of $50 million, including long-term debt of $15 million, all related to capital asset acquisition.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd