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Brett Favor has written a self improvement book that has the following cost characteristics when 10,000 books were sold:
Sales $160,000 Variable Production $40,000 Selling & administrative $20,000 Fixed costs: Production $88,000 per year Selling & administrative 18,000 per year
How many units must be sold to break-even? ___________________
How much in sales dollars must Brett generate in order to earn a $50k profit? $______________
The land cost $40000. because the buyer has good credit and high interest rate on the note, the seller thinks the note's fiar market value will be $74,000. How much the gain seller can recognize?
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method to account for units and ..
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An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Conard Corp. uncovered the following items.
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Rhianna and Jay are married filing jointly in 2011. They have six children for whom they may claim the child tax credit. Their AGI was $123,440. What amount of child tax credit may they claim on their 2011 tax return?
Analyze the amount of these expenses that Simon is able to deduct, considering he itemizes his deductions, in each of the subsequent situations
Calculate increase in revenue after additional variable costs then subtract additional fixed cost. What other ways could you allocate fixed manufacturing costs?
maggie lost her job in the current year. She paid the expenses of owning aher home, interest on the mortgage, and property taxes out of savings. Her tax return shows negative taxable income of $20000. how should this loss be treated?
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