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Scott and Tom are coffee roasters. They can roast up to 12,000 pounds of coffee beans monthly at their flagship store in Soho. However, they can only sell 3,000 pounds of coffee beans in the Soho store (flagship). Thus, Scott and Tom decided to open two additional retail stores where the remaining beans will be sold. In each of the two new stores they can only sell 4,500 pounds of coffee beans monthly. The fix costs of the flagship store are $45,000 and the fix costs of each of the retail stores are $15,000. The variable costs of producing a pound of coffee beans are $7 per pound. The variable selling costs are $3 per pound at the flagship store and $2 per pound at the two retail stores. There is enough demand in all of the stores to satisfy the selling capabilities of each store. Yet, Scott and Tom would like to first satisfy the sale in the flagship store before transferring products to the two retail stores. The average selling price for a pound of coffee beans is $18. The expenses listed so far do not include Scott and Tom’s salaries. If each owner requires a monthly salary of $6,000, how many pounds of coffee beans must be sold monthly?
On January 2, 2009, Banno Corporation issued $1,760,000 of 10% bonds at 97 due December 31, 2018. Legal and other costs of $28,200 were incurred in connection with the issue. Interest on the bonds is payable annually each December 31. Prepare the jou..
Evaluate what amount of gain or loss should be reported on consolidated financial statements for 2010 and which of the subsequent will be included in a consolidation entry for 2011?
Tony Garcia opened a small dryer repair shop, Garcia Repair Shop, on January 2, 2010. The shop also sells a limited number of dryer parts. In January 2011, Garcia realized he had never filed any tax reports for his business and therefore probably owe..
equipment cannot be used elsewhere in the Company, and it has no market value. However, the space occupied by the production of the value can be used by another production group that is currently leasing space for $55,000 per year.
Below are her estimates of the number of patrons the complex will attract each year, depending on the number of screens available.
you have been hired to perform an investment analysis for a high net worth individual to determine if they should
The Matching Principle of accounting states that we should record revenues and the expenses related to those revenues in the same period. If we did not adopt the Matching Principle of accounting, what would be the effect on our financial statements i..
cost of common equity and waccpatton paints corporation has a target capital structure of 40 debt and 60 common equity
It will hold these shares in the treasury until resold. On December 1, the corporation sold 1,200 shares of treasury stock for cash at $72 per share. Journalize the treasury stock transactions.
Assume that you are an investment analyst preparing an analysis of an investment opportunity for a client. Your client is considering the acquisition of an apartment complex from a developer at the point in time when the apartments are ready for firs..
qmr. carlos segovia is a very successful salesperson and is employed by a large canadian public company. for 2009 his
Lifschultz Industries, a small gas meter company, once reported a book value of less that zero. Explain the differences between how Lifschultz should account for the suit and how the three trucking companies should account for it. Provide economic r..
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