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Lincoln Company sells logs for an average of $18 per log. The company's president, Abraham, estimates that the variable manufacturing and selling costs total $6 per log. Logging operations require substantial investments in equipment, so fixed costs are quite high and total $108,000 per month. Abraham is considering making an investment in a new piece of logging equipment that will increase monthly fixed costs by $12,000.Assist Abraham by calculating the number of additional logs that must be sold to break even after investing in the new equipment.
Determine the amount that the South Region's costs were over or under budget.
steve and heather decided to form a partnership on april 1. steve invested 60000 and heather invested 40000net income
Gulick Company developed the following data for the current year: Gulick Company's direct labor cost for the year is ??
During the year, Henry, a sole proprietor, sold for $65,000 a machine that was used in his business. The machine had been purchased in 2003 for $50,000, and when it was sold it had an adjusted basis of $30,000. How should this gain be treated?
albuquerque inc. acquired 24000 shares of marmon company several years ago for 820000. at the acquisition date marmon
the following is a statement by a management consultantmany managers claim that budgets are impractical because
which of the following describes the behavior of the fixed cost per unit?a. decreases with increasing productionb.
Which one of the following contracts most likely would NOT require contract performance reporting by a Contract Performance Report (CPR)?
the audiology department at randall clinic offer many services in the clinics patients. the three most common along
the charter of a corporation provides for the issuance of 100000 shares of common stock. assume that 45000 shares were
steve is considering the following actions. explain to him which actions will constitute gifts for gift tax purposes.
During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?
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