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Rothe Company manufactures and sells a single product that it sells for $80 per unit and has a contribution margin ratio of 40%. The company's fixed expenses are $46,400. If Rothe desires a monthly target net operating income equal to 20% of sales, the amount of sales in units will have to be?
Recognize and define the accounting equation, classify accounts as Assets, Liability, or Equity, and evaluate, record and post common business transactions.
Determine participation in net income of $37,500 if income is divided (a) in the ratio of capital investments; (b) in the ratio of time worked.
Aceton Corporation owns 80 percent of the outstanding stock of Voctax, Inc. During the current year, Voctax made $140,000 in sales to Aceton. How does this transfer affect the consolidated statement of cash flows?
Jones is the manager for ABC Auto Repair. Unknown to his employer, Jones also does freelance auto repair work to earn extra cash. He sometimes uses ABC's facilities and tools for these jobs. Discuss the costs and potential costs that ABC might ..
on dec 31 2007 jamfest travel inc. had 450000 shares of no-par common stock issued and outstanding. all shares were
The Acme Company has an $8,000,000 balance in accounts receivable. Their CPA believes that there are very few misstatements. Which of the following would the CPA use to audit the account?
Section 351 allows the tax-free creation of a corporation, or, rather, the tax free contribution of money or property to a corporation in exchange for stock in that corporation.
n january 30 lift time corporation a wholesaler of hydralic lifts acquired land in exchange for 18000 shares of 10 par
what is the relationship between gross margin and net income?gross margin - merchandise inventory at the end of the
2122000. lasheca has no other capital gains or losses in 2013 or prior years. for 2013 what is the maximum capital loss
what is the minimum acceptable selling price of material L to the company that could use material L in its own production process?
The primary revenue source for not-for-profit organizations is contributions. Please define what a contribution is, and discuss how the different types of contributions are recognized as revenue (i.e. cash contributions, unconditional promise to g..
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