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Question :
Sue, of Sue's Sandwiches, sells soda and sandwiches from a sidewalk cart in a popular park near her home. She sets up her rented cart in the summers to raise money for college. Last month she sold $3,000 worth of product (sandwiches and sodas) to 300 customers. She spent $600 on the sandwich ingredients and buying the sodas wholesale. Her monthly costs are the subsequent: Utilities = $60, Salary = $1,500, Advertising = $0, Insurance = $50, Interest = $0, Rent = $300, Depreciation = $0.
a. Determine Sue's variable costs? Explain.
b. Evaluate Sue's COGS? Explain.
c. What are her fixed costs? Describe.
d. What is Sue's EOU?
e. How much cash reserve could she keep in the bank?
Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $10,000 (per year) for 6 years.
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Calculate the total amount of dividends declared by March for 20X7 and calculate March's profit for 20X8
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What is her basis in her interest in JKL on January 1? How much income from JKL does she report on her personal 2010 return? Illustrate what is her basis in her interest in JKL on December 31, 2010?
Woodrow`s legal fees were $4,900 and Eileen`s were $6,200. Determine all of the tax effects to Woodrow and Eileen.
Which of the costs would be explained as an opportunity cost? Which is a sunk cost?
Prepare a schedule of cost of goods - Purpose a schedule of cost of goods manufactured for the month of December 2006.
Calculate the past service costs included in 2012 net pension expense (or revenue) under IAS 19. Compute the past service costs included in 2012 net pension expense (or revenue) under U.S GAAP.
Compute the direct materials price and quantity variances.(Input all amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect.
The firm is an ongoing profitable business and pays taxes at a 30% rate in the year of income. It uses a 15% discount rate on the new project. Using the NPV approach, determine whether the project should be undertaken (use the relevant tax rate in..
Give the proper journal entries for each of the subsequent occurred in 2011.
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