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Power Grid Engineering Associates, Inc., provides consulting services to commercial electric utilities. The consulting firm's contribution-margin ratio is 30 percent, and its annual fixed expenses are $240,000. The firm's income-tax rate is 45 percent.
1.Calculate the firm's break-even volume of service revenue.
2.How much before-tax income must the firm earn to make an after-tax net income of $136,000? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
3.What level of revenue for consulting services must the firm generate to earn an after-tax net income of $136,000? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
4.Suppose the firm's income-tax rate declines to 35 percent. What will happen to the break-even level of consulting service revenue?
Company owned vehicle -Fixed asset being traded in for another vehicle. Does the Other Charges get added to the purchase price or classed out to fees?
Beth, who died in January 2012, was survived by her husband, Ben. Beth's federal gross estate was equal to $6,000,000 on the date of her death.
The company's annual fixed costs are $1,125,000. (1) Use this info to compute the company's (a) contribution margin, (b)contribution margin ratio, (c)break-even point in units, and (d) break even point in dollars of sales. (2) Draw a CVP chart for..
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
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A corporation borrowed money from a bank to build a building. The long-term note signed by the corporation is secured by a mortgage that pledges title to the building as security for the loan. The corporation is to pay the bank $80,000 each year fo..
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As a result of their divorce, Fred agrees to pay alimony to Tammy of $20,000 per year. The payments are to cease in the event of Fred's or Tammy's death or in the event of Tammy's remarriage. In addition, Tammy is to receive their residence, which..
Write a 1,050- to 1,400-word paper you assume the role of Kardell's CEO. As CEO, critically examine each stakeholder position in light of the facts of the case.
a. How much gain does bill recognize on his exchange? What is the basis to Sam of his 900 shares?
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