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You are the buyer of steel plate for a large steel distributor. You are looking for a supplier of steel plate that your salespeople could sell in the marketplace for $625 per metric ton. If your objective is a 30% markup based on selling price, what is the most that you can pay for the steel per ton to still get the desired markup?
If a firm buys on trade credit terms of 5/15, net 50 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 360-day year) ? The annualized cost of the trade credit terms o..
Calculate amount at which Barrett should record the note payable and corresponding merchandise purchased on January 1, 2011.
in november sold 4000 of gift cards. 700 of these was redeemed. in december sold 3000 of gift cards and redeemed 2000
Bay pines medical center estimates that a capitated population of 50,000 would have the following base case utilization and costs. In addition to medical costs, Bay pines allocates 10 percent of the total premium for admin and reserves. What is the p..
At a break-even point of 400 units sold, variable expenses were $4,000 and fixed expenses were $2,000. What will the 401st unit sold contribute to profit
On January 1, 2011 we started a new business by investing cash of $10,000 and equipment of $9,000. During the year we withdraw $2,000. When we prepare of Statement of Owners Equity we note a final balance of $21,000. Based on this information, what w..
Conan Corporation purchased land and contracted with a developer to construct an office building. Conan Corporation also engaged other contractors for fencing, paving, lighting, and landscaping. calculate the cost of the land, the building, and the l..
Consider that you are Conglomerate Corporation's outside auditor performing a quarterly review and you become aware of these practices and the directive of the president, would you require disclosure of these shifting practices in the quarterly fi..
What is a controlling financial interest? How did the FASB define this in FIN 46R? What are typical difficulties in ascertaining whether control exists where perhaps no voting interest is actually maintained?
On February 12 2015, Laker Company purchased a tract of land as a factory site for $175,000. An existing building on the property was razed and construction was begun on a new factory building in March of the same year. The recorded cost of the compl..
calculation of break even sales using cvp formula.the following are the monthly fixed expenses for peyton traveloffice
brandywire homecare a not for profit business had revenues of 12 million in 2007. expenses other thatn depreciation
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