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Moran Company had $155,400 of net income in 2012 when the selling price per unit was $160, the variable costs per unit were $100, and the fixed costs were $572,400. Management expects per unit data and total fixed costs to remain the same in 2013. The president of Moran Company is under pressure from stockholders to increase net income by $63,600 in 2013. How many units were sold in 2012? Compute the number of units that would have to be sold in 2013 to reach the stockholders' desired profit level.
on january 1 2008 fred leased equipment to ned for 70000 a year for 6 years with the first payment being made on
mclinden corp. is considering financing 10000000 of its upcoming operations by issuing equity and bonds. mclinden is
prepare a forecasted income statement for apple for years 2014 - 2018. use the apple 10-k as of september 28 2013 as
Prepare an income statement using the format presented and calculate the profit margin ratio and the gross profit rate.
Distinguish between controllable and uncontrollable aspects of revenue and costs. Can a manager tototally control all revenue and costs? why or why not? Describe some of the drawbacks of using budgets as a control device
the administrator of break-a-leg hospital is aware of the need to keep his costs down because he just negotiated a new
The following is an excerpt from a conversation between two sales clerks, Tracy Rawlin and Jeff Weimer. Both Tracy and Jeff are employed by Magnum Electronics, a locally owned and operated electronics retail store.
The expected economic life of the asset is ten years. The lease term is 5 years. The asset is expected to have a residual value of $2,000 at the end of ten years. Using the straight-line method, what would Best record as annual depreciation?
washington company produced and sold 50000 units of product and is operating at 80 of plant capacity. unit information
why is variable costing more often used by companies to support performance evaluation and short term planning?provide
problem 3-2a preparing adjusting and subsequent journal entries l.o. c1 a1 p1hormel co. follows the practice of
the sales policy at st. falls dictates that job bids be calculated by adding 24 percent to total manufacturing costs.
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