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In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, what must revenue be in 2015 in order for X Company to earn $47,100 after taxes? (Round rates to two decimal places.)
Explain why adjusting entries are necessary. Describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.
How do the content and verification of the reports differ between managerial and financial accounting?
Describe the concepts in detail and explain relevance to accounting. Include the theoretical and practical applications in your discussion.
They have charitable contributions of $2,500; deductible taxes of $4,000 and deductible mortgage interest of $7,000. They have 4 dependents. What is their taxable income?
Fair price estimation given annual index values applicable over the years to the item concerned - which the price paid was considered fair and reasonable.
Determine cash received on collections of sales - The Feiner Corporation showed sales (on account) on its income statement of $200,000 for 19X1.
Selling and administrative expenses budget
How much of a volume increase is necessary to justify the price cut from 530 to 410 yen? Assume the previous profit margin (contribution to overhead) for this meal was ¥220. What is the implied price elasticity of demand associated with this neces..
question 1determine whether the following benefits are fringe benefits or exempt fringe benefits and where applicable
Why are research and development costs expensed? Is this consistent with how other similar costs are handled? Explain why or why not. Should research and development costs be expensed? Explain why or why not.
Stokes reported a loss of $60,000 for 2010, $40,000 from continuing operations and $20,000 from an extraordinary loss. The company still manages to pay a $10,000 cash dividend during the year.
Compute the book value of the building at the end of the second year. (Omit the "$" sign in your response.)
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