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In the Reddy Mikks model, suppose that a third type of paint, named "marine," is produced. The requirements per ton of raw materials M1 and M2 are .5 and.75 ton, respectively. The daily demand for the new paint lies between .5 ton and 1.5 tons and the profit per ton is $3.5 (thousand). Modify the Excel Solver model solverRM2.xls and the AMPL model to account for the new situation and determine the optimum solution. Compare the additional effort associated with each modification.
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show dollar amounts.
Analysis of various methods of inventory system and its effect on ending inventory and cost of goods sold - Which cost flow method results in (1) the lowest inventory amount for the balance sheet, and (2) the lowest cost of goods sold for the income..
The revenue recognition principle dictates that revenue should be recognized in the accounting records and the income statement and balance sheet columns of Pine Company's worksheet reflects
Fundamental question on accounting for corporations - Preferred Stock and Paid-in Capital in Excess of Par Value-Preferred Stock
Total stockholders' equity and total assets using the two different sets of accounting principles over the two year period.
One area of exacting concern is the inventory account, which has a year-end balance of $297,000. Discussions with the accountant reveal the subsequent.
Make the general journal entry to record the replenishment of the petty cash fund on December 31. Make sure you put a complete account description.
Purpose a statement of retained earnings for the year ending 31 st December, 2011.
Description of various terms like product cost , period costs, direct and indirect costs - the account that is debited when the Work in Process Inventory account is credited.
Prepare a computer credit memo that reduces the customer's account balance by the same amount
What is the journal entry required to establish the LIFO reserve for Orange Corporation?
Posting of journal entries to appropriate accounts and prepare an unadjusted trial balance and Bill transferred $15000 from personal account into business account
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