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Hatch Company has two divisions, O and E. During the year just ended, Division O had a segment margin of $9,000 and variable expenses equal to 70% of sales. Traceable fixed expenses for Division E were $19,000. Hatch Company as a whole had a contribution margin ratio of 40%, a segment margin of $25,000, and sales of $200,000. Given this data, the sales for Division E for last year were?
cedars hospital has average revenue of 180 per patient day. variable costs are 45 per patient day fixed costs total
The U.S. Tax Code has evolved over time to include many credits and deductions. Certainly, the legislative process encourages offering tax benefits for certain behavior, such as buying a new car or home, investing in manufacturing equipment, and s..
Lance Company has a unit selling price of $250, variable cost per unit of $160, and fixed costs of $135,000. Compute the break-even point in units using (a) the mathematical equation and (b) contribution margin per unit.
Cash Basic 10000 FMV 10000 Unrealized receivable Basic 0 FmV10000 Inventory Basic 25000 FMV 30000 A partner has a 20% interest with a basis of $6,000 in XYZ before receiving a liquidating distribution of $10,000 cash. XYZ Partnership has no liabiliti..
clary jensen farms purchased power equipment with an expecteduseful life of four years or 1000 hours of usage. the
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What are E's contribution margin ratio, gross profit ratio and operating (net) income ratios?
The core values for this course are integrity and excellence. Applying the values of integrity and excellence, discuss ethical considerations of accounting for business combinations in a manner that prevents misunderstanding in the questions below..
Which of the following expenses would not appear on a Selling and Administrative Expense Budget? Which of the following costs incurred by a restaurant store is not an example of a variable cost?
Which method is approved by GAAP? Why? What are the positives and negatives of each? Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not? What transactions might fall under a dual me..
Prepare the necessary journal entries for the years ending December 31, 2009, 2010, and 2011. Show all computations.
In 2011, P Company sells land to its 80% owned subsidiary, S Company, at a gain of $50,000. What is the effect of this sale of land on consolidated net income assuming S Company still owns the land at the end of the year?
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