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CVP analysis, income taxes Brooke Motors is a small car dealership. On average, it sells a car for $27,000, which it purchases from the manufacturer for $23,000. Each month, Brooke Motors pays $48,200 in rent and utilities and $68,000 for salespeople's salaries. In addition to their salaries, salespeople are paid a commission of $600 for each car they sell. Brooke Motors also spends $13,000 each month for local advertisements. Its tax rate is 40%.Required
1. How many cars must Brooke Motors sell each month to break even?
2. Brooke Motors has a target monthly net income of $51,000. What is its target monthly operating income? How many cars must be sold each month to reach the target monthly net income of $51,000?
What is the value of these bonds when the required interest rate is 5 percent, 10 percent, and 15 perrcent and why is the price of Bond L more sensitive to interest rate changes than the price of Bond S?
Ceiling Fans by Ike's overhead budget for 2009 was as follows: Factory supervision $300,000 Utilities costs 150,000 Insurance 28,000 Property taxes 22,000 Depreciation 100,000 Total $600,000 600,000 units were produced in 2009.
Prepare the company's balance sheet at January 31, 2010. Use an appropriate formula tocompute ending retained earnings.
the scq corporation manufactures specialty medical tools ranging from 10000 to15000 per unit. the tools are used in
The offer price is for all Adjusting Enteries,Bank reconlilation and financial statement for this assignment..... Plus all extra info last trail balance error cheque account balance was $93410 and Account Recievable $65206.
qevans ltd. publishes a monthly newsletter for retail marketing managers and needs its subscribers to pay 50 in advance
Balanced Scorecard measures, low-total-cost value proposition; Check an organization with the low-total-cost value proposition and suggest within each of the four Balanced Scorecard perspectives
Folsom's actual results and static budget for January 2011 - Compute for January 2011 Sales price variance and sales volume variance
Mabo Company makes calculators that sell for $20 each. For the coming year, management expects fixed costs to total $220,000 and variable costs to be $9 per unit.
Show whether each of the costs described would be relevant or not to Swenson's Meats decision about whether to purchase the new machine or to keep the old machine.
1. how do changes in volume affect the break-even point?2. what important information is conveyed by the margin of
Identify the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Make at least two (2) recommendations for improving the accuracy and reliability of the information in the gaps
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