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For the current year ending April 30, King Company expects fixed costs of $60,000, a unit variable cost of $70, and a unit selling price of $105.
a. Compute the anticipated break-even sales (How many complete units must be sold to at least break even?).
b. Compute the sales (units) required to realize an operating profit of $8,000.
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A city sells $5 million of 20-year general obligation bonds on October 1, 2013. Interest on the debt is payable at the rate of 5% a year on the unpaid balance of the debt, every six months commencing March 31, 2014. How much should the city report as..
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Which of the following is not negotiated?
In return for these transfers, Tara receives all of stock in Black Corporation. Which is correct?
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