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[The budget process] d limited is preparing its annual budget for the year to 31 decmeber. it manufactures and sell one product which has a selling price of 150. the marketing director believes that the price can be increased to 160 with effect from 1 july and that at this price the sales volume for each quarter will be as follows.
dent corporation had net income of 182000 based on variable costing. beginning and ending inventories were 5000 units
elizabeth company is preparing its master budget for the quarter ending march 31. it sells a single product for 20 a
division a of smith company has the capacity for making 3000 motors per month and regularly sells 1950 motors each
a product sells for 200 per unit and its variable costs per unit are 130. the fixed costs are 420000. if the firm wants
franco electronics currently sells a camera for 300. an aggressive competitor has announced plans for a similar product
you want to have 25000 for a down payment on a house 6 years from now. if you can earn 6.5 percent compounded annually
Discuss the closing process and explain why these accounts are closed and certain accounts remain open without posting transactions to QuickBooks.
Carpenter Gems began the year with a net pension liability of $84 million (underfunded pension plan). Prepare the appropriate general journal entry to record Carpenter's pension expense.
sharp and townson had capital balances of 60000 and 90000 respectively at the beginning of the current fiscal year. the
Wright Company employs a computer based data processing system for maintaining all company records. The current system was developed in stages over the past 5 years and has been fully operational for the last 24 months.
A firm's net income is $330,000 on sales of $31.5 million. Average assets for the period were $7 million. For the year, what was the firm's:margin,turnover,and ROI?
Prepare the journal entry to correct the error assuming it is discovered before the books are adjusted or closed in 2011. (Ignore income taxes.)
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