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GX Corp. has common stock ($50 par), 12,000 shares outstanding, and a retained earnings account with a deficit of $200,000. There are no other paid-in capital accounts.
A quasi-reorganization was approved that reduced the par to $25, wrote down plant assets by $65,000, and eliminated the deficit. Prepare the appropriate journal entries.
Compute the break-even point in units and dollars - Compute the margin of safety in dollars and as a ratio, assuming actual sales
For each of the balances above would the account normally be a credit or debit balance? Enter the closing journal entries as of December 31st. What would the new balances of each account be?
question 1the current selling price is 90 per unit and variable expenses are 60 per unit. fixed expenses are 810000 per
vega foods inc. has recently purchased a small mill that it intends to operate as one of its subsidiaries. the newly
Identify the problems that appear to exist in Ferguson and Son Manufacturing Company's budgetary control system and explain how the problems are likely to reduce the effectiveness of the system.
Custom Shoes Co. has gathered the following information concerning one model of shoe:Variable manufacturing costs $50,000.
Given the following information, Describe the budget line for consumer. Be sure to label the axis and give a number for vertical and horizontal intercepts. Slope? Meaning?
brinkers bicycle shop a special order decisionyour analysis should include the following steps to the extent logical
Use a process costing system. 2,000 units were in process at the beginning of the period, 60% complete. 20,000 units were started into production during the period; 1,000 were in process at the end of the period, 60% complete.
What is the store degree of operation levarage; this owner think with this plan and what will be the percent of operation income
She needs to cut $94,000 in cost. Prioritize those cuts that can be made without impacting the operation or quality care of the organization.
the raymond co. is concerned that new gaming legislation will be passed whereby spending limits will be placed on
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