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At the end of last year, Gean Company had 30,000 units in its ending inventory. Gean’s variable production costs are $10 per unit and its fixed manufacturing overhead costs are $5 per unit every year. The company's net income for the year was $12,000 higher under variable costing than under absorption costing. Given these facts, the number of units of product in inventory at the beginning of the year must have been:
a. 28,800 units.b. 27,600 units.c. 32,400 units.d. 42,000 units.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
You will be asked to address a accounting failure from AMERICAN INSURANCE GROUP. Overview of the situation/accounting issue
Amounts paid on June 30 for a 1-year insurance policy, Professional fees earned but not billed as of June 30
The new machine will cut operating costs by $10,000 each year for the next five years. Taylor's cost of capital is 8 percent. Should the firm replace the asset? (Use NPV methodology to solve this problem)
During the year, job 123 a firm fixed price contract for the production of 3,000 raincoats will be started and completed. Estimate the contract cost.
Write an analysis about test of liquidity that compare Radio Shack and Conn's to Best buy.
Prepare journal entries to record the accounting for both the normal and abnormal rework. What were the total rework costs of XD1 chips in August 2011?
During the last year, Bush Company had net income under absorption costing which was $5,500 lower than its income under the variable costing.
Cameron Bly is a sales manager for an automobile dealership-Does the warranty accrual decision create any ethical dilemma for Bly? Since warranty expenses vary, what percent do you think Bly should choose for the current year? Justify your response.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Evaluate her entry date into the plan and determine Harriet's vesting years as of 31 st December, 2000
Create a cost-benefit analysis to evaluate the project
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