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On July 15, Zink Jewels agrees to a contract to sell 4,000 promise rings for $100,000 to Costless Stores, Inc. On October 1, after 2,000 rings pair of have been delivered, Zink and Costless modify the agreement to reduce the price of the remaining 1,000 rings to $12 each. During October, Zink Jewels delivers 600 rings. How much revenue will Zink recognize for the month of October?
Beyer Corporation is considering buying a machine for $39,500. Its estimated useful life is five years, with no salvage value. Beyer anticipates annual net income after taxes of $3,400 from the new machine. What is the accounting rate of return assum..
calculate yancy's realized and recognized gain or loss and if the condemnation proceeds are $505,000, what are yancy's realized and recognized gain or loss?
The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $200,500 per year for the next 10 years and an additional $2,005,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest. Determine th..
Compute the liquidity ratios for 2009 and 2008 - Days' sales in inventory, inventory turnover and working capital
Prepare cash flows from operating and investing and financing and purpose the 20X8 statement of cash flows, formatting operating activities by the indirect method
Wolfe Company has a? 5-year mortgage for $150,000 which requires 5 equal payments of principal plus interest. In the first year of the? mortgage, Wolfe will report this liability as? a:
After substantial marketing research, toyaun corporation management beleives it can make and sell a new battery with a prolonged life for a laptop computer. Managemet expects the demand to be 50,000 units a year if the batteries are priced at $80 per..
Walsh Company expects sales of Product W to be 68,000 units in April, 83,000 units in May and 78,000 units in June. The company desires that the inventory on hand at the end of each month be equal to 30% of the next month's expected unit sales. Due t..
knick company budgets sales of $2,750,000 fixed costs of $600,000 and variable costs of $1,760,000. What is the contribution margin ratio for Knick Company? if the contribution margin ratio for koval company is 40%, sales were $1,450,000 and fixed co..
On December 31, 2010, Bible Distributing Company issues 8%, 10-year convertible bonds with a maturity value of $700,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 9%, and the issue price of the bonds is 94..
Dirt Devils is a partnership that specializes in office cleaning. The charge per office averages $175 per visit. The variable costs per visit are $65. The fixed operating costs are $90,000.
The process of allocating fixed and variable costs separately is called:
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