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For the coming year, Sorkin Company anticipates a unit selling price of $80, a unit variable cost of $40, and fixed costs of $400,000.
1. Compute the anticipated break even sales (units)
2. Compute the sales (units) required to relize income from operations of $200,00
3. Construct a cost-volume-profit chart, assuming maximum sales of 20,000 units within the relevant range
4. Determine the probable income (loss) from operations if sales total 16,000 units
The second was furniture with an original basis of $24,000 placed in service during the first quarter, currently in the fourth year of depreciation, and under the mid-quarter convention. What is Bonnie Jo's depreciation expense for the current yea..
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a companys income statement showed the following net income 132000 depreciation expense 34000 and gain on sale of plant
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