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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?
Sara owns a sole proprietorship and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the ..
western corp. produces two products cigars and chewing tobacco from a joint process involving the processing of tobacco
Which of the following, if any, is considered in applying the support test for dependency exemption purposes?
The standards that allow for no machine breakdowns or other work interruptions and that require peak efficiency at all times are referred to as:
Sierra and Jenson formed a partnership. Sierra contributed $25,000 cash and accounts receivable worth $11,000. Jenson's investment included cash $5,000; inventory, $18,000; and supplies, $1,000.
From the auditors point of view which of the following is a preferable provision for imposition of civil liability for financial damages?
Explain the similarities and differences between job order costing and process costing. In your explanation, provide examples of when job order costing and process costing would be most appropriate. Your initial post should be 200 to 250 words.
your responses to the questions below should be composed in complete sentences. your option 2 response should be a
Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income?
Why were some of Jeff's friends who worked with him from the beginning not very excited about a change to a standard cost system.
What, if any, is the ethical issue involved in case and is the financial vice president acting improperly or immorally?
Create a chart of accounts for a small business. If you are currently working in the accounting field, you may use the chart of accounts from your business as the basis of your work. Include your explanation of the structure.
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