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Question - Gearhart Corp bases its budget on the activity measure customers served. During September the company planned to serve 25000 customers, but actually served 29000 customers.
Fixed element per month variable element per customer
Revenue - $3.10
Wages & salaries $23700 $0.80
Supplies 0 $0.60
Insurance $5300 0
Miscellaneous expense $3200 $0.20
Required - Prepare the company's flexible budget for September?
Under what conditions may a seller who is exposed to continued risks of a high rate of return of the product sold recognize sales transactions as current revenue?
what we know charlie sells around 12 cases of hamburgers weekly. each case contains 80 hamburgers. each hamburger patty
Kirk Company sells bikes for $600 each. The company currently sells 7,500 bikes per year and could make as many as 10,000 bikes per year.
Quick Finance assessed a finance charge of 6% of the total accounts receivable factored and retained an amount equal to 2% of the total receivables to cover sales discounts.
Write the details of each partner's contribution in narrative form. At least one of the partners must have contributed more than just cash. If other assets are introduced, they must be realistic. Explain where they came from if necessary.
buff company purchased a building for 900000 cash on october 1 2009. the estimated life is 20 years and the salvage
Fifty thousand shares of preferred and 200,000 shares of common stock are authorized.
What would you expect to be the total cost of providing room service in a month in which room service revenue amounts to $15,000? (Omit the "tiny_mce_markerquot; sign in your response.)
differences between the direct and indirect presentation of cash flows
FASB Codification System provides the accountant with a vast array of information related to accounting issues. Assume that you are responsible for providing.
After considerable controversy, the application was approved on November 10, and two days later, the sum of $950,000 was paid to Mario's estate in full satisfaction of the purchase price. Mario had died unexpectedly on November 1. Discuss the esta..
Required: Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations
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