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Bigelow Industries manufactures swim caps. Their operating leverage is 3. Each cap sells for $10 and has a contribution margin of $6. They expect to sell 37,500 swim caps. Their fixed costs are:
A. $55,000
B. $75,000
C. $112,500
D. $150,000
Spears Co. will receive SF1,000,000 in 30 days. Use the following information to determine the total dollar amount received (after accounting for the option premium) if the firm purchases and exercises a put option:
Eagle Tools, Inc., the manufacturer of the gun, for product liability, on the ground of strict liability. What are the elements for an action based on strict liability? In whose favor is the court likely to rule?
Please address the differences in creating budgets for the following entities: manufacturing, non-manufacturing, serviced-based business, and not-for-profit organizations.
Prepare a summary cash budget for the year, showing any borrowing and repayment of debt with interest. Discuss Big Als ability to repay the expansion loan. Include a discussion of the feasibility of the project. Include qualitative factors to be c..
Dalton construction contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to construction are:
Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire.
Determine the direct labor rate and time variance for the (1) Cutting Department and (2) Sewing Department.
Pick had neither beginning nor ending inventory in Work-in-Process Inventory. What was the cost of jobs completed in January?
Discuss what is Accounting and why is it important? Be sure to include the different types of users of Accounting and their need for accounting.
Compute the amount to be reported as research and development expense by Martinez on its income statement for 2010. Assume equipment is purchased at beginning of year.
Compute the depreciation for each of the three years, assuming the use of units-of-production depreciation.
Why are measures of "service efforts and accomplishments" of more concern in government and not-for-profits than in businesses?
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