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Calculate the profit volume ratio with the figures given below Selling price per unit $ 69 Variable cost per unit $ ? Contribution per unit 2 times of the variable cost per unit.
Returns and allowances amounted to $2,000. It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year?
woody corp. had taxable income of 8000 in the current year. the amount of macrs depreciation was 3000 while the amount
Swanson's fiscal year ends on December 31. Prepare the following journal entries: a. April 1, 2009, to record the issuance of the bonds.
for 2010 omaha mechanical has a monthly overhead cost formula of 42900 6 per direct labor hour. the firms 2010
which of the following reasons is the most important for assessing the external workforce when doing hr planning?a the
kaitlyn has a garden that has a length of 8 feet and a width of 4 feet. if the length and width of the garden are
On May 11, 2009, Jarnigan Co. determined that Terry Freye's account was uncollectible and wrote off $1,100. On June 12, 2009, Frye paid the amount previously written off. Prepare the journal entries on December 31, 2008, May 11, 2009, and June 12,..
Briefly explain the rationale for a sale and leaseback and the advantages for firms engaging in such an exercise.
You are at a company picnic and the company president starts a conversation with you. The president says, "Since we use the perpetual inventory system, there is no reason to take a physical count of our inventory." What is your response to the pre..
The allowance for bad debts os contra to which one of the following accounts?
Determine the taxable year of the LLC under the existing Code and Regulations. Two years after formation of the LLC, Cameron sells half of his interest (25%) to Totco, Inc. Can the LLC retain the taxable year determined in part (a)?
50 percent debt and 50 percent equity. If it makes this change, its resulting market value would be $820,000. What would be its new stock price per share?
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