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Nielson Corp. sells its product for $8,800 per unit. Variable costs per unit are: manufacturing, $4,800, and selling and administrative, $100. Fixed costs are: $24,000 manufacturing overhead, and $32,000 selling and administrative. There was no beginning inventory at 1/1/12. Production was 20 units per year in 2012-2014. Sales was 20 units in 2012, 16 units in 2013, and 24 units in 2014. Income under absorption costing for 2013 is?
callon co. uses the composite method to depreciate its equipment. the following totals are for all of the equipment in
the default risk premium for Niendorf's bonds is DRP = 1.20% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) ´ 0.1%, where t = number of years to maturity. The liquidity premium (LP) on ..
There are four important purposes of analytical procedures. Identify one of these four purposes and give a specific example of an analytical procedure that an auditor might perform.
s amp x co. is a retail store owned by paul tuner. during themonth of november the equity accounts were affected by
Rieger International is attempting to evaluate the feasibility of investing $ 95,000 in a piece of equipment that has a 5- year life. The firm has estimated the cash inflows associated with the proposal as shown in the table at the right. The firm..
tony and suzie purchased land costing 500000 for a new camp in january 2014. now they need money to build the cabins
kava inc. manufactures industrial components. one of its products which is used in the construction of industrial air
Submit a one page APA paper discussing the important components of the statement of cash flows. What key information does this statement provide?
Calculate ending inventory and cost of goods sold for January using average cost. (Round your intermediate calculations to 3 decimal places. Round your average cost values to the nearest dollar amount.
If the average market value of common share is $20, year end price is $25, interest rate on borrowings is 6%, and the tax rate is 50%, then compute both basic and diluted EPS
on january 1 2012 sammy corp. granted an employee an option to purchase 9000 shares of sammys 5 par value common stock
1. explain the basic accounting equation. how does the double entry accounting system work?2. what is the
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