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Lagerfield Company reported the following results from the sale of 4,220 hammers in May: sales $198,340, variable costs $88,620, fixed costs $64,000, and net income $24,000. Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income? (Round answer to the nearest unit).
Haan Inc. is a merchandising company. Last month the company's cost of goods sold was $66,500. The company's beginning merchandise inventory was $12,900 and its ending merchandise inventory was $17,200. What was the total amount of the company's m..
Offshore Ale Company has earnings available to common stockholders of $2 million and has 500,000 shares of common stock outstanding. What is its earnings per share (EPS)?
Evaluate the statements made by Walker. Comment specifically on Walker's computation of the manufacturing cost of units sold and on whether it appears that the reduction in the cost of finished goods sold was achieved through more efficient operat..
Sydney Corporation, an Australian-based multinational, borrowed 10,000,000 euros from a German lender at the beginning of calendar year when exchange rate was EUR.60 = AUD1.
the schroumldinger science store operates a retail store in a local shopping mall.the results of operations for the
Rieger International is attempting to evaluate the feasibility of investing $ 95,000 in a piece of equipment that has a 5- year life. The firm has estimated the cash inflows associated with the proposal as shown in the table at the right. The firm..
what kinds of risks does a firm like amazon.com face with respect to safeguarding its assets? what types of controls do
What is the effect of the errors on 2009 net income before taxes?
What impact will increasing the percentage of completion have on Terra Firma's financial statements? Use numbers to back up your answer.
the equipment that was bought had a fair market value of 450000 but the actual purchase price was 400000. they signed a
The CEO of your company has asked you to prepare a written presentation to be given at the next board of directors meeting on why different types of cost information need to be reported to support different managerial purposes and decisions. In a ..
Monica and Thomas, ages 32 and 36, are married and file a joint return. In addition to having THREE dependent children (Lemisse, Cristine and James), Monica and Thomas have adjusted gross income ("AGI") of $90,000 and itemized deductions of $2..
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