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A company has the choice of either selling 1,000 defective units as scrap or rebuilding them. The company could sell the defective units as they are for $4.00 per unit. Alternatively, it could rebuild them with incremental costs of $1.00 per unit for materials, $2.00 per unit for labor, and $1.50 per unit for overhead, and then sell the rebuilt units for $8.00 each. What should the company do?
Last year, Katt Co. reduced the carrying amount of its long-lived assets used in operations from 120,000 to 100,000, in connection with its annual impairment review. During the current year, Katt determined that the fair value of the same assets h..
Eastern Pacific Company sells a single product for $34 per unit. If variable expenses are 65% of sales and fixed expenses total $12,800, the break-even point in quantity and dollar($) will be:
In 2001, Genentech had 535.3 million average common shares outstanding, actual shares outstanding at year-end of 528.3 million and reported earnings per share of $.28. Genentech's reported net income in 2001 equals
One company acquires another company in a combination accounted for as an acquisition. The acquiring company decides to apply the initial value method in accounting for the combination. What is one reason the acquiring company might have made this..
oscarson midwiferys cost formula for its wages and salaries is 3220 per month plus 475 per birth. for the month of
calculate the present value of a stream of income when thediscount rate 8 and you earnedyear 1 42000000.00year 2
1. take the following accounts and place them in the appropriate financial statement as well as appropriate category
At Dec 31, Year 1, Grey, Inc. owned 90% of Winn Corp, a consolidated subsidiary, and 20% of Carr Corp., an investee in which Grey cannot exercise significant influence on the same date
Determine the missing data indicated for (1) and(2). Using the income statement data for 2007, determine the amount of net income or loss.
the cost of equipment purchased by charleston inc. on june 1 2012 is 217160. it is estimated that the machine will have
Prepare a contribution margin income statement for a month in which the company sells 550 desks.
explain the types and payment patterns of notes. provide examples of current types of
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