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Question - Qwik Repair has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil change-related services represent 70% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 30% of its sales and provides a 60% contribution margin ratio. The company's fixed costs are $16,000,000 (that is, $80,000 per service outlet).
Calculate the dollar amount of each type of service that the company must provide in order to break even.
A) Oil Change =
B) Break Repair =
Question - The company has a desired net income of $60,000 per service outlet. What is the dollar amount of each type of service that must be provided by each service outlet to meet its target net income per outlet?
A) Oil Change
B) Break Repair
March 25 Declared $2 per share cash dividend on 20,000 shares of common stock outstanding. Prepare the journal entries for the above items
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Campbell Soup Co. had the following assets and liabilities (in millions) as of August 3, 2003.
use a selected company or your current work environment to identify at least one cost or expense that would fit under
juliette formed a new business to sell sporting goods this year. the business opened its doors to customers on june 1.
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Please define revenue recognition and then explain how does revenue recognition impact the auditing of the revenue process
Calculate the NPV of this investment using an Excel spreadsheet. Show and label your work. Formulas for NPV and IRR are preprogrammed in Excel.
The poor economy in the past year has caused the portfolio's overall fair value to substantially decline; however, some securities have increased in value and others have decreased. Cameron earns a bonus each year, which is computed as a percen..
What is the after-tax cash flow from the sale of the equipment?
Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 20X1 after the acquisition transaction is completed.
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