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The following is Addison Corporation's contribution format income statement for last month:
Sales ....................$1,000,000Variable expenses........... 700,000
Contribution margin......... 300,000Fixed expenses.............. 180,000
Net operating income........ 120,000
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
How many units would the company have to sell to attain the target profit of $150,000?
a. 25,000
b. 26,667
c. 22,000
d. 37,500
(a) Determine corrected net incomes for 2009, 2010, and 2011. (b) Give the entry to bring the books of the company up to date in 2012, assuming that the books have been closed for 2011.
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In 2011, Hoffmann Company had a break-even point of $332,000 based on a selling price of $8.00 per unit and fixed costs of $112,880. In 2012, the selling price and the variable cost per unit did not change, but the break-even point increased to $4..
ACCT212 Project 2: Financial Statement Analysis-YUM! Brands, Inc. Description: Using the financial statements for YUM! Brands, Inc. located in Appendix A of your Textbook, you will calculate Vertical and Horizontal Analysis and the Financial Ratios ..
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