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The acquisition included 3,000 units of knife X001, and 3,000 units of knife X002. X001 normally sells for $20 per unit, and X002 for $10 per unit. If Colicchio sells 1,000 units of X002, what amount of gross profit should it recognize?
a. $1,000.b. $6,670.c. $10,000.d. $3,330.
Determine whether the lease of the company car is an operating lease or finance lease and provide a detailed explanation for your decision and provide all journal entries that are necessary in the books of Large Mart to account for the renting cont..
What is the overall project's risk-adjusted NPV? (Hint: Use the percentage given in the question to adjust up or down to obtain the risk-adjusted discount rate. Use this to re-calculate the NPV, IRR, MIRR, payback period, and expected NPV
Determine the total Fixed MOH. What is the total variable cost per table? What is the total Variable MOH per table? Calculate the total variable costs at the expected level of output of 10,000. Calculate the cost per unit or table at 10,000 units of ..
Identify five functions/processes involved in achieving the mission of The State Board for Educator Certification and prepare a Process Priority Map
List out the items that must be certified by corporate management in accordance with the provisions of the Sarbanes-Oxley Act. Discuss how these responsibilities have likely changed the period-to-period activities of the certifying managers.
Describe the similarities and differences between management accounting and financial accounting. Why would a manager require different information than that found in basic accounting?
The newly developed product is brought to market in January 2012 and is expected to generate sales revenue for 10 years. Determine amount Moxie should recognize as research and development expense in 2011 under GAAP.
Prepare, in good form, the bank reconciliation as of November and prepare, in good form, the required adjusting journal entries.
A soft drink bottler incurred the following factory utility cost: $3,911 for 850 cases bottled and $3,966 for 1,000 cases bottled. Factory utility cost is a mixed cost containing both fixed and variable components. The variable factory utility cost p..
Discuss the relation between net income and cash flow from operations and the pattern of cash flows from operating, investing, and financing activities.
During 2006, Sky Entertainment sold twenty 12-month subscriptions for its newly developed internet service. One-half of these subscriptions began on March 1, 2006 and the other one-half began on October 1, 2006. ABC Company began operations in April,..
calculate breakeven point margin of safety breakeven level.alex miller inc. sells car batteries to service stations for
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