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The Castillo Products Company described in Problem 6 had a very difficult operating year in 2009, resulting in a net loss of $65,000 on sales of $900,000. In 2010, sales jumped to $1,500,000, and a net profit after taxes was earned. The firm's income statements are shown on the following page.
A. Calculate each income statement item for 2009 as a percent of the 2009 sales level. Make the same calculations for 2010. Determine which cost or expense items varied directly with sales for the two-year period.
B. Use the information in Part A to classify specific expense items as being either variable or fixed expenses. Then estimate Castillo's EBDAT breakeven in terms of survival revenues if interest expenses had remained at the 2009 level ($45,000) in 2010.
C. Estimate the dollar amount of survival revenues actually needed by the Castillo Products Company to reach EBDAT breakeven in 2010, given that more debt was obtained and interest expenses increased to$60,000.
journalize the adjusting entries and label them as accruals or deferrals adding accounts as needed.a. unexpired
Determine the current value of your total investment.Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company.
which will increase the total amount of interest earned on an investment assuming that all interest is reinvested?
In working out your responses to the Discussion Question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss.
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