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Distinguish between cost and value and explain their relative significance in accounting?
Cash and investments of a bond sinking fund established to service general government long-term debt.
Define the cost and equity methods or accounting for an investment. Under what circumstances would you use the cost or equity method of accounting for an investment?
Urban Athletics Company has two store locations, North and South. During October, the company reported net income of $192,000 on sales of $905,000.
What are the expected annual savings form a lock-box system that collects 300 checks per day averaging $800 each, and reduces mailing and processing times by 3.0 and 1.5 days respectively, if the annual interest rate is 7 %?
Edison Inc. has annual sales of $49,000,000, or $44,100,000 a day on a 365-day basis. The firm's cost of goods sold are 75% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable.
The rapid meal has two restaurants that are open 24 hours. Fixed costs for the two restaurants together total $450,000 per year. Service varies from a cup of coffee to full meals.
Suppose a fixed cost of $900, a variable cost of $4.50, and selling price of $5.50. Find out the break even point? How many units should be sold to make a profit of $500.? How many units should be sold to average $.0.25 profit per unit? .50 per un..
Vintech Company is planning to produce 1,800 units of product in 2011. Each unit requires 4 pounds of materials at $6 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor
Assume that Mucky Duck uses target costing. What is the price that Mucky Duck would charge the retailer for the All-Body swimsuit? What is the highest acceptable manufacturing cost Mucky Duck would be willing to incur to produce the All-Body swim..
Give an example of a good or service market that is close to perfectly competitive, and then defend your choice. (Us tobacco for service market)
Complete the proceeding table by filling out the missing amounts for the levels of activity shown in the first row of the table. Round all cost per unit figures to the nearest whole penny.
A review of Parrish Corporation's accounting records found that at a volume of 144,000 units, the variable and fixed cost per unit amounted to $6 and $2, respectively.
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