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Cost function, break even, quality of information, relevant range Oysters Away picks, shucks, and packs oysters and then sells them wholesale to fine restaurants across the state. The income statement for last year follows: Revenue (based on sales of 2,000 cases of oyster Expenses: Wages for pickers, shuckers and packers $100,000 Packing materials 20,000 Rend insurance 25,000 Administrative and selling 45,000 19,000 Pre- tax income 10,000 Taxes (20%) 2,000 After tax income 8000 Pickers, shuckers, and packer are employed on hourly bases and can be laid off whenever necessary. Sale people mostly deliver the product and are paid on a salaried basis. Estimate the cost function for oysters away What is the breakeven point in cases for oysters away? The manager thinks that the company will harvest and sell 3,000 cases of oysters next year. Estimate the aster tax income. Oyster away harvested and sold 2,000 cases in each of the last several years. What does this suggest about the quality of the income information you calculated in part C? Describe reasons why the cost function developed for the relevant range up to 2000 cases might no hold for 2001 to 3000.
jones and lange refiners began business on july 1. the following operations data are available for july and the one
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2007, for Guesser Company, using the indirect method.
time sheets are collected in a batch and the information is manually keyed into the system. this data is now stored on
Compute the margin of safety and margin of safety ratio.
If a firm borrows $8,000 to finance the purchase of a new machine. The loan is to be repaid in 7 annual installments at the end of each of the next 7 years, and the interest rate on the loan is 12%. Calculate the annual payment, rounded to the nea..
warren corporations stock sells for 42share. the company wants to sell some 20-year annual interest 1000 par value
brees inc.has current assets of 3800 net fixed assets of 19900 current liabilities of 3000 and long-term debt of 11500.
selected account balances for hulse company at january 1 2014 are presented below.accounts payable14000accounts
The raw materials and work in process inventories decreased by $4,000 and $3,000, respectively. The total manufacturing costs used in the computation of cost of goods manufactured during the month of April was:
1. which statement best describes the treatment of an equipment purchase and the related depreciation expense in the
1. in 2013 lasheca will have taxable income of approximately 50000. in 2013 lasheca will also have a long-term
Palmiero bought a franchise from Dougherty Co. on January 1, 2011, for $350,000. The carrying amount of the franchise on Dougherty's books on January 1, 2011, was $500,000.
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