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The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2014 at $894,060. The only variable costs budgeted for the division were cost of goods sold ($439,200) and selling and administrative ($61,030). Fixed costs were budgeted at $104,620 for cost of goods sold, $89,920 for selling and administrative, and $74,700 for noncontrollable fixed costs. Actual results for these items were: Sales $889,260 Cost of goods sold Variable 410,280 Fixed 106,490 Selling and administrative Variable 63,700 Fixed 67,720 Noncontrollable fixed 92,680 Collapse question part (a) Prepare a responsibility report for the Sports Equipment Division for 2014
1. abc company inc. is a foreign corporation registered in the state of illinois. where are this firms official offices
Praeuner Company has surveyed the market and set a target selling price of $2,000 per unit for its product. Praeuner believes it can sell 100,000 units of this product over its two-year life.
Indicate whether the following revenues would most likely be classified as program revenues or general revenues on the government-wide statement of activities.
If net sales total $50,000, beginning accounts receivable was $10,000, and ending accounts receivable is 16,000, what are the days’ sales collected?
Compare payables turnover and days' payable for both companies. How are cash flows affected by days' payable? How do Oracle's and Cisco Systems' ratios compare with the computer industry ratios shown in the chapter?
On a May monthly bank reconcilement, an amount of $86.77 is required to be added with the beginning bank balance so that the general ledger bank balance will match. Should the bank account and tax & license expense account be debited or credited $86...
measuring
In addition to the above, Mr Simpson drove in 2013 his personal automobile, a 2010 Chevrolet Caprice, in attending to the rental property a total of 400 miles (33.33 miles per month). Mr Simpson has always used the Standard Mileage Method (Automat..
preparation of necessary entries for declaration and payment of dividend.richman corporation has 120000 shares of 5 par
On January 1, 2012, Chan Enterprises borrowed $100,000 from a bank on a three-year mortgage with an interest rate of 5% per year. On December 30, 2012, Chan paid the bank $36,721. Which of the following items would be decreased by the mortgage paymen..
calculation of average issue price of stock.the information below relates to question no. 1the stockholders equity
A Corp. reported $120,000 of net income and has outstanding 10,000 shares of $1 preferred stock, par of $50, and 50,000 shares of $100 par common stock. Illustrate what is the earnings per share?
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