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Gorfin, Inc. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000. Gorfin is considering increasing the price of its units to $60 per unit. If the price is changed, how many units will Gorfin need to sell for profit to remain the same as before the price change?
If it began the quarter with an $18,000 inventory at cost and purchased $72,000 of merchandise during the quarter, its estimated ending inventory by the gross profit method is:
bell computers ltd. located in liverpool england assembles a standardized personal computer from parts it purchases
Use of historical costing including the possibility of general price-level adjustments. Why do you think he has made this choice?
Caleb Samford calls you and says that his two-person S corporation was involuntarily terminated in February 2010. He asks you if they can make a new S election now, in November 2011. Draft a memo for the file outlining what you told Caleb.
Makes recommendations for the company to minimize the threat of lawsuits relating to privacy protection, product liability, or intellectual property rights.
The present value of these cash flows, discounted at Harrel"s market interest rate, is $2,800,000. At what amount should the patent be carried on the December 31, 2011 balance sheet?
bob brain files a single tax return and decides to itemize his deductions. bobs income for the year consists of 75000
At year end, January 31, 2011, the Prepaid Rent account had an unadjusted balance of $19,500. This amount was paid on February 1, 2010, to pay rent for years 2010, and 2011. Prepare the year-end adjusting entry.
following is the governemental activities pre-closing trial balance for the town of freaz. freaz is a relatively small
johnson enterprises inc. is involved in the manufacture and sale of electronic components used in small amfm radios.
You are analysts comparing the performance of two portfolio managers using the Sharpe Ratio measurement. Manager A shows a return of 16% with a standard deviation of 10%.
Assuming there are no antidilutive securities, what is the number of shares Feterik should use to compute diluted earnings per share for the year ended December 31, 2011?
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