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Assignment
Your cookie company is growing but not as rapidly as you would like. You are exploring producing products for businesses. During a recent conversation with the owner of a local car dealership, he offered to buy 500 cookies for a special event in the community. He asked that the cookies be displayed in the shape of a car and he would like the dealership's logo on each cookie. He has agreed that the cookies can be your signature flavor.
The display will cost $200 to build and the logo for each cookie will cost $.03. This is a rush order and may require some overtime. You are required to deliver the cookies to the event and provide a napkin for each cookie.
The business owner would like a deal since he is purchasing so many cookies and you are "getting your name out there". This could potentially lead to more business.
Prepare calculations to determine what price you will charge the business owner for the entire project. After presenting the bid to the business owner, he offered to pay 85% of what you would like to charge. Can you do it for the reduced price and still make a profit? Prepare a new cost analysis assuming the new price.
Prepare detailed analysis for each part of the assignment, outlining all of your costs and revenues. Clearly explain whether you will take the job at the reduced price or pass on it. Explain why.
A company purchased $3,300 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $365 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
Based on the following data, determine the cost of merchandise sold for June.
The rest-free rate is 5%, the required market return is 10%, the risk premium for small stocks (rSMB) is 3.2%, and the risk premium for value stocks (rHML) is 4.8%. If ai = 0, bi = 1.2, ci = - 0.4, and di = 1.3, what is the stock's required return..
(a) What is the times-interest-earned ratio - Times-interest earned If the firm's lease payments are $43,700, what is the fixed charge coverage?
Complete the company flexible budget for October - The company actually washed 8,400 cars in October and to collect an average of $6.80 per car washed.
Werth Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit are $14. Werth expects to produce and sell 60,000 units at a price of $20 per unit. How much is the break-even point i..
Purchase of Intangible Assets in a Business Acquisition - Make the journal entry necessary for Cossack Company
Provide the journal entries for each of these transactions. How much office overhead is over or underapplied? Determine the gross profit on the Obsidian case, assuming that over or underapplied office overhead is closed monthly to cost of..
you are an accountant for the flower shoppe. your supervisor has asked you to help her prepare the year-end financial
Prepare the direct material usage budget for the first quarter of next year and prepare the direct manufacturing labour usage budget for the first quarter of next year.
Outstanding checks as of June 30 total $ 1,829.
hydra company has 2 locations downtown and at a suburban mall. through march the company reported total net income of
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