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In 2008, Micdougal sold 3,000 units at $500 each. Variable expenses were $350 per unit and fixed expenses were $195,000. The same variable expenses per unit and fixed expenses are expected for 2009. If Micdougal cuts selling price by 4%, what is Micdougal's break-even point in units for 2009?
Auditing standards discuss fraud in details. What is your impression of the auditor's responsibility to discover it? Do you make a distinction between responsibility regarding management fraud versus employee fraud?
journalize the following entries for oglala supplies1-jan oglala purchases 100000 of merchandise from loopy and co.
The Diamond Glitter Company is in the process of preparing its financial statements for 2012. Assume that no entries for depreciation have been recorded in 2012. The following information related to depreciation of fixed assets is provided to you.
High Ridge Merchandising Co. sold inventory that had a cost of $10,000. Assuming High Ridge uses the perpetual inventory method, the effect of the journal entry to record Cost of Goods Sold would:
Some accountants have advocated that a company's human assets be measured and included directly in the financial statements. For example, cost of hiring and training an employee would be recorded as an asset that is amortized over the employee's e..
hometown delivery co. incurred the following costs related to trucks and vans used in operating its delivery service
lewis companys standard labor cost of producing one unit of product dd is 3.60 hours at the rate of 14.00 per hour.
beyonceacute corporation factors 175000 of accounts receivable with kathleen battle financing inc. on a with recourse
background understanding accounting information goes far beyond the ability to record correct journal entries. it is
Aqua Tech is considering investing in a new testing device. It has two options: Option A would have an initial lower cost but would require a significant expenditure for rebuilding after 5 year.
If the cost of an item is $75, the currrent replacement cost is $64, and the selling price is $95, the amoount included in inventory according to the lower of cost or market concept is ??
on nov 1 2007 you sold some equipment for 2200. you receive a down payment of 500 and a note for the balance. you are
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