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The maufacturing capacity of Morrow Company's facilities is 30,000 units of a product per yesr. A sammary of operating results for the year ended December 31, 2015 is as follows: Revenue 18,000 units X$100 $ 1,800,000 Variable costs 990,000 ------------ Conttribution margen 810,000 Fixed Cost 495,000 --------- Operating income $ 315,000 A foreign distributor has offered to buy 15,000 units at $90 per unit during 2016. Assume all of Morrow's cost will have the same behavior patterns in 2016 as in 2015. If Morrow accepted this offer and rejects 3,000 units of business from regular customers so as not to exceed its capacity, find the total operating income for 2016.
tidbit inc. has a sales budget for next month of 800000. cost of goods sold is expected to be 25 percent of sales. all
After selling the assets and paying the liabilities, the partnership has cash of $92,000. How much cash will each partner receive in the final liquidation?
dane co. both purchases and constructs various equipment it uses in its operations. the following items for two
Prepare one journal entry to record Brown's income tax expense for the current year. Show well-labeled computations for the income tax payable and the change in the deferred tax account.
Having a problem with an accounting question: J.P. Max is a department store carrying a large and varied stock of merchandise. Management is considering leasing part of its floor space for $72 per square foot per year to an outside jewelry company..
theta corporation formed 15 years ago. in its first year it elected to use the cash method of accounting and adopted a
daja and whitnee had capital balances of 140000 and 160000 respectively at the beginning of the current fiscal year.
dapper hat makers is in the business of designing and producing specialty hats. the material used for derbies costs
simpson auto body repair purchased 20000 of machinery. the company paid 8000 in cash at the time of the purchase and
materials costs of 500000 and conversion costs of 535500 were charged to a processing department in the month of
black enterprises reported the following in 000s as of december 31 2013. all accounts have normal
The controlled access to files, programs, and documentation is a principal responsibility of which of the following functions? 32. Which of the following personnel security control plans is corrective in nature as opposed to being a preventive or ..
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