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Riverside Industries has three product lines: A, B and C. The following information is available: Product A Product B Product C Sales $100,000 $90,000 $44,000 Variable costs 76,000 48,000 35,000 Contribution margin 24,000 42,000 9,000 Avoidable fixed costs 9,000 18,000 3,000 Unavoidable fixed costs 6,000 9,000 7,700 Operating income $9,000 $15,000 $(1,700) Riverside Industries is thinking about dropping Product C because it is reporting a loss. Assume Riverside Industries drops Product C and does not replace it. What will happen to operating income?
torrid romance publishers has total receivables of 2820 which represents 20 days sales. total assets are 70500. the
What is an unasserted claim and why would an attorney and/or client be reluctant to disclose an unasserted claim in the financial statements.
Describe the importance of food cost, labor and sales in a food and beverage operation. Support your description with concepts addressed in the materials provided in this course.
Let's talk about donated services. Clearly unique to nonprofits (well, I've never heard of anyone willingly donating their time and efforts to General Motors, but I guess it's possible) - What does FASB say about donated services?
market corporation began its business on jan 1 2012. it sold 31 per share 6100 shares of no-par common stock with a
Describe the accounting rules and regulations you would introduce to ensure that these types of accounting irregularities do not occur in the future.
When the client holds a large amount of negotiable securities, auditors need to plan to guard against
Supposing the county has incurred $800,000 of construction costs on the project by end of its fiscal year (June 30,20x5), the fund balance of capital projects fund employed to account for this project would be?
the franc zeppo venture manufactures a product that goes through two processing departments. information relating to
which of the accounting changes listed below is more associated with financial statements prepared in accordance with
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
1. what is the amount of gross accounts receivable at fiscal year-end 2013? 2. suppose that write-offs of accounts
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