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Smith Company makes golf balls and baseballs. Making golf balls requires 5,000 hours of labor and making baseballs requires 8,000 hours of labor. Smith undertakes an automation process that reduces the consumption of labor required for baseballs to only 2,000 hours of labor. Overhead cost prior to the automation totaled $15,000. After automation, overhead cost amounted to $25,000. Assuming Smith uses direct labor as a company-wide allocate base before and after automation, what is the amount of overhead cost allocated to each product?
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Morgantown Movers has net working capital of $11,300, current assets of $31,200, equity of $53,400, and long-term debt of $11,600. What is the amount of the net fixed assets?
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The common stock of the company is selling in the stock exchange at $10 each. If Wonderful has 29,000 shares of common stock outstanding throughout the year and its Net Income is $12,000 after paying the preferred dividends, what will be the dilut..
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