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Compute the units needed to achieve an operating income of $30,000.Fixed costs are $100,000.Selling price per unit is$85 and variable cost per unit is $35 per unit excluding the manager's incentive bonus.The manager's incentive bonus is $10 per unit after the company earns $10,000 before taxes.
Peg sold a machine this year for $48,000. Peg purchased the same machine for $53,000 a couple years ago and claimed a total of $11,500 of depreciation expense on the machine. What's the amount and character of the gain or loss?
andretti company has a single product called a dak. the company normally produces and sells 96000 daks each year at a
Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash..
Discuss the inherent audit risk with the use of account receivable confirmation letters and how this risk can be minimized by the auditing firm.
joint products inc. produces two joint products x and v using a common input. these are produced in batches. the common
tecknik corporation has the following budgeted sales for the selected six-month periodjanuary unit sales is 15000
Which of the following is the least accurate statement regarding concepts as defined by the COSO framework?
280000 51 arm loan amortized over 15 years at 3.9. from year 6 to 7 the interest rate is 7.5. marr is 10 per year
What is the balance in the patent account on the consolidated balance sheet at December 31 2005.
For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5..
During the previous year, Carrie paid $500 of estimated state income tax payments, which she also deducted for federal income tax purposes. Early in the current year.
Journalize the entries required on February 13, March 14, and April 30.
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