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Watson's Fish Company buys whole salmon from various fishermen is at $3 per pound and sells the fish to restaurants for $5 per pound. Its fixed costs are $22,800 per month.
How many pounds must be sold to break even, and how many pounds must be sold to earn a profit of $8,060 per month?
Pounds to be sold to break even pounds
Pounds to be sold to earn a $8,060 profit pounds
Idaho Falls maintains its books and records in a manner that facilitates the preparation of fund financial statements. Prepare all necessary journal entries to record the following events for the year ended December 31, 2014.
barkley corp. obtained a trade name in january 2011 incurring legal costs of 30000. the company amortizes the trade
Peterson Company incurred the following high and low maintenance costs totals during 2010: $370,000 at 20,000 units of activity during March and $274,000 at 12,000 units during August. Instructions: Use the high-low method to compute the variable cos..
Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations throughout the world. What percentage completion would result in increasing..
1.The 2013 income statement of Anderson Medical Supply Company reported net sales of $8 million, cost of goods sold of $4.8 million, and net income of $800,000.
Accounts receivable from sales transactions were $46,439 at the beginning of the year and $61,231 at the end of the year. Net income reported on the income statement for the year was $122,433. Exclusive of the effect of other adjustments, the cash fl..
Luciana, a nonshareholder, purchases a condominium from her employer for $123,500. The fair market value of the condominium is $172,900. What is Luciana’s basis in the condominium and the amount of any income as a result of this purchase?
Exodus Limousine Company has $1,000 par value bonds outstanding at 10 per-cent interest. The bonds will mature in 50 years. Compute the current price of the bonds if the percent yield to maturity is: Based on bonds paying 10 percent interest for 20 y..
Sales in East Company declined from $100,000 per year to $80,000 per year, while net operating income declined by 300 percent. Given these data, the company must have had an operating leverage of
For 2016 , Rita Picard, who was self-employed, had $50,000 of net earnings from self-employment, $10,000 in dividends, and $5,000 in taxable interest. She deducts $3,000 for self-employed health insurance and $3,825 for the r deduction for self-emplo..
What will the economist suggest the leaders order their citizens to do in order to change from a centrally planned economy to a market economy?
Research this question and can not find a set forth answer list of countries that have adopted IFRS and how cultural differences can impact interpretation of IFRS.
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