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If sales are $525,000, variable costs are 56% of sales, and operating incoe is $50,000, what is the contribution margin ratio?
The town of Seaside has decided to construct a new sea aquarium to attract tourist. The cost of the measure is to be paid by a special tax. Although most of the townspeople believe the sea aquarium is a good idea, there is disagreement about how t..
jodi horton president of the retailer crestline products has just approached the companys bank with a request for a
the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
A company issued 5-year, 7% bonds with a par value of $105,000. The company received $102,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period
compute the depletion expense in 2013 and 2014 for financial accounting purposes. what accounts will be diebited and
If the expected value of the size factor is 4% and the expected value of the book-to-market factor is 5%, then what is the required return using the Fama-French three-factor model? (Assume that ai=0.0.) What is the required return using CAPM?
Assume the equity method is applied. Compute Bell's income from Demers for the year ended December 31, 2008.
Describe the role the objective setting process plays in how and if auditing objectives are met. What are some steps you might take to ensure you consistently meet audit objectives?
Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $2,220,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Spor..
One company buys a controlling interest in another company on April 1. Explain how the pre-acquisition revenues and expenses should be handled in the consolidated balances for the year of acquisition. Explain why you feel it should or shouldn..
Glen Inc. and Armstrong Co. have an exchange with no commercial substance. The asset given up by Glen Inc. has a book value of $12,000 and a fair market value of $15,000. The asset given up by Armstrong Co. has a book value of $20,000 and a fair m..
what are some of the limitations of the income statement? for example have you seen examples of aggressive revenue
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