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Last year, Flynn Company reported a profit of $72,000 when sales totaled $522,000 and the contribution margin ratio was 32%. If fixed expenses increase by $10,200 next year, what amount of sales will be necessary in order for the company to earn a profit of $82,000?
The following information is available for completed Job No. 402: Direct materials, $25,000 direct labor, $35,000 manufacturing overhead applied, $20,000 units produced, 8,000 units units sold, 6,000 units. The cost of the finished goods on hand f..
What is the interest cost to be included in the current year's postretirement benefit expense?
arden corporation just received a special order to make 7500 units of a specialized calculator. direct materials cost
pimp my cubicle inc. pmc produces workspace flair for the poor souls in public accounting who dont ever leave their
The Omega Corporation sells property during the year that results in the following gains and losses: Compute the resulting increase or decrease in Omega's taxable income. Explain each step.
red bank enterprises was involved in the following transactions during the fiscal year ending october 312-aug borrowed
What is the cash realizable value of the accounts receivable before the write-off? What is the cash realizable value of the accounts receivable after the write-off?
while doing an audit you discover inconsistencies in the companys expenses. address the following middot why might a
Issues in Standard Costs and Budgeting
Imagine you are preparing a business s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision?
Yet, current practice is to have one set of books for financial statement presentation and one set for the preparation of income taxes. Is this "kosher" and why do you agree or disagree with the practice?
John Brown is a PA, but not a partner, with three years of professional experience with lyle and lyle, public accountants, a one-office public accountanting firm. he owns 25 shares of stock in an audit client of the firm,but he does not take part ..
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