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Sid Simon wants to cash in on the increased demand for ethanol. Accordingly he purchased a corn farm in Iowa. Simon believes his corn crop can be sold to an ethanol plant for $4.80 per bushel. Variable cost associated with growing and selling a bushel of corn is $3.80. Simon's annual fixed cost is $132,000.
a. What is the break-even point in sales dollars?
b. If Simon actually produces 174,000 bushels, what is the margin of safety in bushels?
If Simon actually produces 174,000 bushels, what is the margin of safety in dollars?If Simon actually produces 174,000 bushels, what is the margin of safety as a percentage? Round your answer to two decimal places.
day street delis owner is disturbed by the poor profit performance of his ice cream counter.nbsp he has prepared the
Complete the Inventory audit section: Write the inventory memo based upon yours and Bradley's observation. AtiyaTie in Bradley's test counts on the client's count sheets to Apollo's Inventory Warehouse Report.
over the past 2 decades business schools have added required courses on organizational design to many of their
HOTco, a U.S. C corporation, invents a control panel to make furnaces heat up faster. HOTco sells these control panels exclusively in the U.S. HOTco does not wish to operate abroad and, therefore, HOTco licenses its control panel know-how to FORco..
Issued $600,000 face value Sloan Co. second mortgage, 8% bonds for $654,120, including accrued interest. Interest is payable semiannually on December 1 and June 1 with the bonds maturing 10 years from this past December 1. The bonds are callable..
listed below are six assertions regarding the financial presentations made in the revenue process. for each give an
Net cash flow from operations for a period was $30,000; Noncash revenues for the period were $11,000. Noncash expenses forthe period were $13,200. What was net income for the period?
Kaiser's Kraft Korner sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs. Contribution margin per unit is:
The enacted tax rate increased to 30 percent in Year 2 compared to an enacted rate of 20 percent in the prior year. At December 31, Year 2, the company would record a deferred tax expense of:
Which of the following phrases best characterizes the art of Minoan Crete?
can you help me to answer these question? ltbrgtmy due date is on 1492014 so can you answer it quickly for me pls?
Prepare a summary journal to record raw material used
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