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CVP analysis, income taxes Brooke Motors is a small car dealership. On average, it sells a car for $27,000, which it purchases from the manufacturer for $23,000. Each month, Brooke Motors pays $48,200 in rent and utilities and $68,000 for salespeople's salaries. In addition to their salaries, salespeople are paid a commission of $600 for each car they sell. Brooke Motors also spends $13,000 each month for local advertisements. Its tax rate is 40%.Required
1. How many cars must Brooke Motors sell each month to break even?
2. Brooke Motors has a target monthly net income of $51,000. What is its target monthly operating income? How many cars must be sold each month to reach the target monthly net income of $51,000?
Mary has IBM stock and will sell it two months from now at a specified date in the middle of the month. Mary would like to hedge the price of risk of IBM stock. How could she best hedge the IBM stock without incurring basis risk?
A company had a market price of $38.10 per share, earnings per share of $1.55, and dividends per share of $0.70. Calculate its price-earnings ratio
a. if you could pick a single source of cash for your business what would it be? why?b. how can a business
Prepare general journal entries to account for the capital contributed by the partners. Include narrations and prepare a statement of financial position on the day of formation.
part - 1you are to reflect on how this case of china sky relates to what the arguments for and against allowing audit
Prepare contribution format income statements for April. (Round the "Total percent" answers to one decimal place. Input all amounts as positive values except losses which should be indicated by minus sign. Omit the "$" and "%" signs in your respon..
sunday starr prepares monthly cash budgets. relevant data from sunday starrs operating budgets for 2011
Write-off method does not use an allowance for uncollectible accounts and thus overstates assets on the balance sheet.
Assume also that in November 2013 Mike's home was burglarized. Mike's antique music box collection held for investment was stolen. Mike's basis in the collection was $8,000 and it was worth $15,000 at the time it was stolen.
Midwest Corp completed the following transactions in 2012, the first year of operation.
the company is considering the acquisition of equipment that would radically change its manufacturing process. the
Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model
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