Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Exercise (Part Level Submission)
Casas Modernas of Juarez, Mexico, is contemplating a major change in its cost structure. Currently, all of its drafting work is performed by skilled draftsmen. Rafael Jiminez, Casas' owner, is considering replacing the draftsmen with a computerized drafting system. However, before making the change, Rafael would like to know the consequences of the change, since the volume of business varies significantly from year to year. Shown below are CVP income statements for each alternative.
Manual System
Computerized System
Sales
$1,590,000
Variable costs
1,272,000
636,000
Contribution margin
318,000
954,000
Fixed costs
106,000
742,000
Net income
$212,000
(a) Determine the degree of operating leverage for each alternative.
(b)
i. Calculate the increase in Net income for each alternative if sales increased by $137,000.
ii. Which alternative would produce the higher net income ? Computerized SystemManual System
(c) Calculate the margin of safety ratio.
Research three reported data breeches the have occurred in the U.S since January 1, 2014. Write a five page paper on the researched data breeches. The paper should include the Corporation where the breech occurred, the date of the breech, the number ..
Where does the company disclose its revenue recognition policy? When does the company record revenues for the "sale" of gift cards?
Required: Prepare income statements for both years using both absorption and variable costing methods.
The following information is available for Pet Store Company and its two divisions, Pet Supplies and Training. Whole Pet Supplies Training Company Division Net sales $170,000 $70,000 $100,000 Fixed costs: Compute the contribution margin for the Pet S..
Prepare the stockholders' equity section of Delux's balance sheet as of December 31, 2015. Net loss for 2015 was $436,000. (Hint: Use T accounts to keep track of transactions.)
How might Enron's harsh Performance Review Committee
Metro Bus Company had $400,000 of revenue and $401,000 of expense (including depreciation) for the current year resulting in a $1,000 net loss. All revenues were received in cash. All expenses were paid in cash except for depreciation of $181,000. Ev..
Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2012, assuming no previous accrual of interest.
apply the concepts calculate and determine the entry for straight-line depreciationthe equipment purchased by galaxy
1. a company uses 40000 gallons of materials for which it paid 9.00 a gallon. the materials price variance was 80000
Company Nine uses the allowance method (percentage of accounts receivable) to estimate bad debts. The company had the following activities in its Allowance for Doubtful Accounts during the year 2014:
on july 31 2013 danerys co. a private company purchased all the net assets of kings landing co. another private
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd