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Denny Manufacturing had a bad year in 2012. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 79,100 units of product: Net sales $1,574,090; total costs and expenses $1,758,400; and net loss $184,310. Costs and expenses consisted of the following.
1.Change the compensation of salespersons from fixed annual salaries totaling $196,600 to total salaries of $42,800 plus a 5% commission on net sales.
2.Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50.
3.Compute the break-even point in dollars under each of the alternative courses of action.
A company has cash, $85,000; temporary investments, $30,000; net receivables, $60,000; and inventory, $350,000. Current liabilities are $300,000.
what are debits and credits? how are debits and credits employed to record business transactions? why do accountants
how has the sarbanes-oxley act of 2002 affected financial reporting for publicly traded companies? do you think that
Parker industries is analysing a 200000 equipment investment to produce a new product for the next 5 years. a study of expected annual after tax cashflows from the project produced the following data. using a hurdle rate of 14% calculate the proba..
Clerks are instructed to place the returned merchandise on the proper rack on the selling floor as soon as possible. This year, returns at Anasazi Earth Clothing have reached an all-time high. There are a large number of returns under $100 without..
Tom Hughes died in 2009 with a gross estate of $3.9 million and debt of $30,000. He made post-1976 taxable gifts of $100,000, valued at $80,000 when he died. His estate paid state death taxes of $110,200. What is his estate tax base?
Par Four Issues $1,700,000 of 10%, 10-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,505,001.
for the current year sheila jones had adjusted gross income of $100,000 during the year she contributed $6,000 to her church and a additional $3,000 to qualified charities.
Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%.
Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting.
land enterprises has purchased new equipment on a long-term payment plan. the contract calls for land to pay 50000 at
For the expenditure cycle at Hewlett-Packard or any other company, what's your suggestion for the following recommendations to have good internal control of the purchase order processing?
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