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MSM Company management believes that monthly sales should average approximately $375,000 during 2014. Prepare a contribution type income statement using.
1) the current cost structure model (the model that includes salaries but no commissions) and
2) a second contribution type income statement using the proposed (fixed salary plus commission) model. 6. From the employee perspective, what level of monthly sales dollars must MSM achieve so that their monthly compensation under the combination fixed salary/commission model is equal to the current monthly fixed salary amount (currently $38,000). What are the pros and cons of making the proposed compensation structure change, focus on breakeven point, impact on employee morales/motivation, MSM operating profit at different sales levels, etc
QI Company C also issues bonds with face value of $1,000 which pay interest of $X annually. They are redeemable at 105 in 8 years. Find the value of $X that will also yield j1 = 7% on a $1,000 bond from company C, if such a bond costs $960.
Determine Brook Streets ending inventory, cost of goods sold, and gross profit for January 2009, assuming the company uses a perpetual inventory system and the inventory costing methods: (1) FIFO, (2) LIFO, and (3) moving-average.
What was amount of cash collected from customers?
All of the following statements regarding FICA taxes are true except:
Momentum Bikes manufactures a basic road bicycle. Production and sales data for the most recent year are as follows no beginning inventory
Jeny is studying Finance at University. To complete the Finance degree she has to take a basic income tax course. Because Jeny does not intend to be a tax expert she considers the course to be a waste of his time. What is the markup on variable costs..
Break-Even Analysis Jimmy's Seafood Restaurant is a family-owned business on the North Carolina coast. In the last several months, the owner has seen a drop-off in business. Last month, the restaurant broke even.
McIntosh stores use point-of-sale terminals as cash registers. The register shows the amount of each sale, the cash received from the customer, and any change returned to the customer. The machine also produces a customer receipt but keeps no record ..
Prepare all journal entries from issuance to maturity for Stern Corporation. Prepare all journal entries from issuance to maturity for Second State Bank.
At the start of November, Penco Refinery had Work in Process inventory consisting of 4,800 units that were 80 percent complete with respect to materials and 40 percent complete with respect to conversion costs. Calculate the cost per equivalent unit ..
How could a continued depreciation of the Thai baht affect Blades? How would it affect Blades relative to US exporters invoicing their roller blades in US Dollars?
Frauds still occur in the corporate world as recently as in 2011. Are you aware of any major frauds that occurred in 2011? Why did those companies fail to prevent them?
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