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Ellie Manufacturing company produces three products: A, B, and C. The income statement for 2013 is as follows:Sales $200000Less: Variable exp. $127,000Contribution margin $73000Less Fixed exp:Manufacturing $20000Selling and administrative $14000 $34,000Net income $39,000The Sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows:A B CSales $60,000 $40,000 $100,000Contribution margin ratio 35% 30% 40%Direct fixed expenses of products $8000 $5000 $4000required: a prepare income statements segmented by products. Include a column for the entire firm in the statement. b. if ellie manufactureing eliminates product B, what would be the impact on company profits? c. ellie is considering the purchase of automated assembly equipment for Product A. With that purchase, variable expenses ratio would be reduced by 10 percent and fixed manufacturing costs would increase by $3000. What would be the impact on company profits?
I need to determine the best form of business entity for a business having the following characteristics and explain why choose that form of business:
You have been asked to speak on the topic of the impact of organizational culture on decision making to a group of executives. In a five to seven paragraph speech, discuss the following.
In the perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and its average variable cost is $20.
Chi Corporation trades an asset with a book value of $20,000 for another asset with a fair market value of $15,000. Find out Chi s cost to record the new asset from the exchange.
Bonadio Ekectrical Supplies distributes electrical components to the construction idustry. The company began as a local suookier 15 yrs ago and has rwon rapidly to become a major competitor in the north central US.
Please indicate the journal entry to be made to record the transaction. Make sure that depreciation entries are made to update the book value of the machine prior to its disposal.
Record the payroll for the two employees at December 31 and record the employer's share of payroll tax expense for the December 31 payroll. Two journal entries required.
Torrid Romance Publishers has total receivables of $2,820, which represents 20 days' sales. Total assets are $70,500. The firm's operating profit margin is 6.0%. Find the firm's asset turnover ratio and ROA. (Use 365 days in a year. Do not round i..
Which of the following statements is correct regarding the taxation of C corporation?
On this date the company concludes that the equipment has a remaining useful life of two years with the same salvage value. Compute the revised annual depreciation.
Twyla Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices.
You buy an investment today for $9,000. You sell the investment in 120 days for $9,500. The effective annual rate on this investment is:
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