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Hunter inc. sells unique product with the following information available: Sales price $100 per unit variable costs $40 per unit fixed costs $19,500 units produced and sold 1,300. If one more unit is sold how much will net operating income increase by? What is the contribution margin ratio?
Discuss your thoughts on whether the rigorous rules of accounting necessarily mean there is only one numerical answer. Explain.
Your firm has $45.0 million invested in accounts receivable, which is 90 days of net revenues. If this value could be reduced to 50 days, what annual increase in income would your firm realize if the increase in cash could be invested at 7.5 perce..
The accountant for the Orion Sales Company is preparing the income statement for 2007 and the balance sheet at December 31, 2007. Orion uses the periodic inventory system. The January 1, 2007 merchandise inventory balance will appear:
you are the manager of an accounting department and would like to hire another managerial accountant to focus on
The Johnson Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during March of the current year.
George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision of the Tax Court. Which one of the following is true?
Describe the key internal control structure policies and procedures related to Grant's property, equipment, and related transactions (additions, transfers, major maintenance and repairs, retirements, and dispositions) that Harris may consider in a..
flip company purchased equipment on july 1 2011 for 90000. it is estimated that the equipment will have a 5000 salvage
you are the systems analyst for the wee willie williams widget works company. you have decided to review the order
bonds issued at a premium bunkichi corporation issued the following bonds at a premiumdate of issue and
Venture Company acquired patent rights on January 3, 2005, for$661,500. The patent has a useful life equal to its legal life of 15 years. On January 5, 2008, Venture successfully defended the patent in a lawsuit at a cost of $105,000.
What basic accounting principle is violated by the recording of the warranty reserve directly to retained earnings?
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