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Selling Expense: 248000
Skis sell, on the average, for $400 per pair. Variable selling expenses are $45 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 26% variable and 74% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $158 per pair.
How do you find the selling expense?
Cactus does not make any distributions during 2008, but had $200,000 of ordinary income. In 2009, ordinary income was $100,000 and distributions were $100,000. What is Tex's ordinary income for 2009?
Distinguish between discretionary and committed fixed costs.
Prepare all journal entries in all funds and the GCA and GLTL accounts to record the following transactions and events.
Discuss the effects that a drop in value of the U.S. dollar in relation to other currencies on the foreign exchange markets has on:
You Would like to make 43 equal payments over the next 21 years (The first payment to be made immediately all other payment to be made at 6 month internals, with the final payment to be made at he 21st. birthday. So that you will be able to cover ..
The framework used to record and summarize the economic activities of a business enterprise is referred to as the accounting equation. State the basic accounting equation and define each of its major components. How are business transactions and f..
Which of the following is not classified as direct labor? a. bottlers of beer in a brewery b. copy machine operators at a copy shop. c. wages of supervisors d. bakers in a bakery.
Betsy receives a salary of $50,000 from her employer (a retail clothing store) and several fringe benefits. Her employer pays premiums of $300 for her $40,000 group term life insurance coverage and pays $2,400 for medical insurance premiums.
Compute the return on assets, profit margin and asset utilization rate for Textron and Gulfstream. Assess Textron's competitive financial position. Compute the free cash flow for Textron and Gulfstream.
Examine the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows by using a spreadsheet program such as Excel.
Malrom uses straight-line amortization for patents. On December 31, 2007, the expected future cash flows expected from the patent were expected to be $800,000 per year for the next eight years.
In 2011, Miley incurred actual warranty costs relative to 2010 computer sales of $10,000 for parts and $18,000 for labor.
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