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Contribution Margin
Weidner Company sells 22,000 units at $30 per unit. Variable costs are $24 per unit, and fixed costs are $40,000.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
QUESTION TWO:
Elrod Inc. sells a product for $75 per unit. The variable cost is $45 per unit, while fixed costs are $48,000.
Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $95 per unit.
On January 1, 2009, Clintwood Corporation issued a $1,000, ten-year, 10% bond payable (interest payable each December 31). For the three assumptions below, provide the following information assuming the accounting year ends December 31, and straig..
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On January 1, 2013, a corporation retired $500,000 of bonds at 99. At the time of retirement the unamortized premium was $15,000 and the unamortized bond issue costs were $5,250. Prepare the corporations journal entry to record the reacquisition of t..
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