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Chudrick Inc. makes unfinished bookcases that it sells for $62. Production costs are $36 variable and $10 fixed. Because it has unused capacity, Chudrick is considering finishing the bookcases and selling them for $70. Variable finishing costs are expected to be $7 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis show- ing whether Chudrick should sell unfinished or finished bookcases.
Each person would pay $40 to attend; 200 attendees are expected Will the event be profitable for the sorority? Show computations and how many people must attend for the sorority to break even?
What is the estimated manufacturing cost before separation, using the reversal cost method?
the income statement showed a loss of $6,000 from the sale of investments. Reconcile a net income of $90,000 to net cash flow from operating activities.
Prepare a T account for the accounts payable creditor accounts and post the transactions from the purchases journal to the creditor accounts, and determine their ending balances.
If the previous market value of a property was $900,000, calculate the B/C ratio using an interest rate of 6% per year and a 20-year study period.
Calculate Smiths preadjustment balance in accounts receivable and prepare the necessary adjusting entry for 2010.
ABC limited account of motor vehicles as at 1/1/03 was Ksh. 5,000,000 while the accumulated depreciation as at that date was Ksh. 2,000,000. During the year the following transaction took place.
Prepare an income statement, a retained earnings statement, and a balance sheet - Retained Earnings has instead decreased $47,500 after the closing entries were posted, and the dividends remained the same, what would have been the amount of net inc..
What is the projected contribution margin and contribution margin ratio for each lamp sold - How many lamps must be sold to breakeven?
During the year, prepaid expenses decreased $6,600, and accrued expenses increased $2,400. Indicate how the changes in prepaid expenses and accrued expenses payable should be entered in the reconciling columns of a worksheet.
Depreciation reported on the tax return exceeded depreciation reported on the income statement by $128,000. This difference will reverse in equal amounts of $32,000 over the years 2015-2018. Interest received on municipal bonds was $11,600.
The accounts receivable turnover ratio is 8.14, and average net receivables during the period are $400,000. What is the amount of net credit sales for the period?
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