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Profit, charges, and break-even without and with overhead. A number of years ago, at the request of its employees, Jack Winslow and Company converted one of its small rooms to house a small pharmacy for its employees in which they can buy a few popular prepackaged drugs. JWC only wants to break even on this service. Total cost of operating the pharmacy per year is $24,000: $1,000 a month for the contractor who operates the pharmacy and the remainder in drug costs. JWC charged $25 a month to each of 500 employees who participated last year.• How much did the company make or lose during the year? • In setting its rate for the coming year, how much would JWC have to charge per participating employee if it expects to break even? It estimates 500 employees per year will use this service.• What if JWC also wants these employees to cover the estimated $100 overhead per month the pharmacy space costs? • What would JWC have to charge if it expects drug costs to increase 10 percent per employee?
Recommended improvements or safeguards to limit risk
On July 30, the controller of Monroe purchased 1,000 shares of TNC for the corporation at $8 per share as the stock had received a favorable recommendation from the corporation's financial advisor. What are the tax consequences of these transactio..
Describe the revenue or payroll cycle at your organization? What source documentation is used in the revenue and payroll cycles at your organization? - answer 150-200 words.
On June 30, 2011, Omara acquired all of these bonds at 94 and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt?
He does remember that the machine has a projected life of 12 years. Based on these data, the annual cost savings are:
Variable costs as a percentage of sales for Leamon Inc. are 66%, current sales are $612,750. and fixed costs are $189,751. How much will operating income change if sales increase by $49,790?
How should Wesley determine the amount of compensation expense related to the compensatory stock options, if any, that should be recognized in its income statements for 2003, 2004, and 2005? Why?
Discuss the importance of periodic reporting and the time period principle.
Managers of Wheldon Manufacturing are analyzing variable overhead variances for the fiscal period just ended. The flexible budget called for $80,000 in variable overhead but actual variable overhead was $95,000.
You determine that $104,000 of the current and accumulated earnings and profits for the year is required for the reasonable needs of the business. The allowable accumulated earnings credit for the year is?
objective questions: Kovacic Company purchased a computer that cost $10,000. It had an estimated useful life of five years and residual value of $0. The computer was depreciated by the straight-line method and was sold at the end of the fourth year o..
Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios.
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