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Cart Corporation produces and sells a single product. Data concerning that product appear below:
Selling price per unit....... $230,000
Variable expense per unit..... $92,000
Fixed expense per month..... $621,000
Required:
a. Assume the company’s monthly target profit is $69,000. Determine the unit sales to attain that target profit. Please show all your work.
b. Assume the company's monthly target profit is $41,400. Determine the dollar sales to attain that target profit. Please show all your work.
Inventory valuation methods allow management to select a method that best fits their business model. Given the following data, what is the value of the ending inventory as determined by the First in First out (FIFO) method?
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Descriptive Questions-Basic Accounting Principle like Advance payments from customers for future services and the current assets of most companies.
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