Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
ABC Corporation, a merchandising company, reported the following results for September:
Sales: 12,500 units
Sales price L $899 per unit
cost of good sold (all variable): $225 per unit
variable selling expense: $78 pe runit
total fixed selling expense: $230,000
variable admin expense: $23 per unit
total fixed admin expense: $455,000
Required:
a. Prepare a traditional format income statement for September.
b. Prepare a contribution format income statement for September.
Brittany received $45,000 of salary from her employer during the year. Brittany reports $3,000 of itemized deductions. Evaluate the Brittany's taxable income?
Find Variable expense per unit, and total fixed expenses. Would you advise adopting this plan?
Show two possible explanations for each of the unfavorable variances calculated in E25-8 (a), and suggest where responsibility for the unfavorable result might be placed. Refer to E25-8 (a).
Calculate the depreciation under the straight line method and calculate the depreciation under the double declining method.
Compare the two machines and state the basis of your comparison. Include a cash flow diagram for each alternative. Assume all interest rates at 6% per year unless otherwise stated.
1. What is the free cash flow for 2014? 2. Suppose Congress changed the tax laws so that Berndt's depreciation expenses doubled. No changes in operations occurred. What would happen to reported profit and to net cash flow?
During May, the company's activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity - Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area
The straight-line method is used for depreciation. In 2013, Williams on charged its estimates to a total useful life of 5 years with a salvage value of $60,000. Illustrate what is 2013 depreciation expense?
What could be the expected Operating Income per week? When both machines are working how many of each unit should OSC produce?
On January 1, 2015, Carter Sales issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and pay semi annual interest. Carter Sales uses the straight-line method to amortize the Bond Discount. On June 30, 2015, when Cart..
Volume Electronics sold a television to Sarah Merrifield on December 15, 2013. Sarah paid $100 at the time of the purchase and agreed to pay $100 each month for 5 months beginning January 15, 2014. Determine in what month or months revenue from this ..
In the world of Archery knowledge, customer service and attention to detail are prerequisites to success. Mathew Reedy had it all. During 2014, his local Archery sales, service, instruction and excursion company, Ryan, rocketed to $100 million in sal..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd