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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?
The partnership paid gauranteed payments to Simone of $1000 and $2000 per month during the fiscal years ended September 30, 2010 and 2011. How much will Simone's adjusted gross income be increased by these partnerhip items for her tax year ended D..
Condensed balance sheets for Phillips Company and Solina Company on January 1, 2007, are as follows: Prepare the journal entries on the books of Phillips to record the acquisition of Solina Company's net assets
There are several potential problems that can occur from the improper use of standard costs. Labor quantity standards and efficiency variances assume that production is labor-paced.
Which of the following measures of performance encourages continued expansion by an investment center so long as it is able to earn a return in excess of the minimum required return on average operating assets?
listed below are nine technical accounting termscost volume profit analysiscontribution margin ratio variable cost
find the interest paid on a loan of 2800 for two years at a simple interest rate of 11 per year.the interest on a loan
jst services employs 50 workers who are each paid 900 per week. jst allows each employee two weeks of paid vacation per
chaz corporation has taxable income in 2013 of 312000 before the sect179 expense and acquired the following assets
In addition, Otter has tax-exempt interest income of $250,000 and makes distributions to Ellie and Linda of $50,000 each. Discuss the impact of this information on the taxable income of Otter, Ellie, and Linda if Otter is:
bowser products operates a small plant in new mexico that produces dog food in batches of 1500 pounds. the product
q1. private markets are those like the nyse where transactions are handled by members of the organization while public
Compute and compare the accounts receivable turnover ratios for Coca-Cola and Wal-Mart. Indicate all numbers you used to calculate the ratio.
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