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Symphony Sound, is designing a portable recording studio to be sold to consumers. The team developing the product includes representatives from marketing, engineering, and cost accounting. The recording studio set will include sound-canceling monitor headphones, audio recording and enhancement software, several instrumental and vocal microphones, and portable folding acoustic panels. With this set of features, the team believes that a price of $4,000 will be attractive in the market place. Symphony Sound seeks to earn a per unit profit of 20 percent of selling price. a. Calculate the target cost per unit.
b. The team has estimated that the fixed production costs associated with the production costs associated with the product will be $1,860,000 and variable costs to produce and sell the item will be $2,500 per unit. In light of this how many units must be produced and sold to meet the target cost per unit?
Computation the NRV of accounts receivables - How much cash should Grant receive from the bank on May 15?
Illustrate what are some of the risks of the interviewer basing their decisions on these interpretations? How can the interviewer minimize or avoid these risks?"
Calculation of good will - Total Shareholders' Equity of Little
Create a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April.
Base on the ratios computed in requirement a, comment on the apparent effects of Whirlpool's acquisition of Maytag. Assume any significant change in these ratios was the result of the aquistion. Calculate the ratios?
Samuel is married to Wendy and they live in a community property state. Has Samuel made any taxable gifts also if so, in what amounts?
Make a tabular analysis of the transactions using these column headings: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, and Retained Earnings. Include margin explanations for any changes in Retained Earnings..
Prepare journal entries for the adjustments entered in the six-column table for part 1 and Prepare journal entries to reverse the effects of the adjusting entries that involve accruals.
Purpose a direct materials budget for the seasoning, by month an in total for the second quarter. Be sure to include both the quantity to be purchased and its cost for each month.
Purpose bank reconciliation. Use a format like the one shown on page 370, Illustration 8-12. For the Conference, you should show the adjusted cash balance,
The partnership also assumed a $12000 note payable owed by Robert that was originally used to purchase the equipment. Illustrate what amount should Robert's capital account be recorded?
What do you mean by the break-even point? Anu has decided that unless the operation can earn at least $43,750 in operating profits, she will close it down. What number of tickets must be sold for anus amusements to make a $43,750 operating profit f..
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