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Michaels Company segments its income statement into its East and West Divisions. The company's overall sales, contribution margin ratio, and net operating income are $600,000, 50%, and $50,000, respectively. The West Division's contribution margin and contribution margin ratio are $150,000 and 75%, respectively. The East Division's segment margin is $70,000. The company has $60,000 of common fixed costs that cannot be traced to either division. Required: Prepare an income statement for Michaels Company that uses the contribution format and is segmented by divisions.
at the end of 2010 keil company reports a pretax operating loss of 80000 for both financial reporting and income tax
Describe a business cycle. Mention all the phases of a business cycle and tell the order where they occur - what is the difference between the real wage and the money wage rate and define the natural rate of unemployment
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bluestar makes three models of camera lens. its sales mix and contribution margin per unit follow percentage of
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What is the present value on January 1, 2001, of the gain or loss to shareholders as a result of the anticipated rate of inflation being 6 percent and the actual rate being 9 percent?
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mjjm inc. has four equal shareholders who are unrelated. each shareholder owns 300 shares of the common stock of mjjm
for markowis company variable costs are 63 of sales and fixed costs are 214750. managements net income goal is 126501.
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