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Question: The AAA Aquarium Co. sells aquariums for $20 each. Fixed costs of production are $20. The total variable costs are $20 for one aquarium, $25 for two units, $35 for the three units, $50 for four units, and $80 for five units. In the form of a table, calculate total revenue, marginal revenue, total cost, and marginal cost for each output level (one to five units). What is the profit-maximizing quantity of output? On one diagram, sketch the total revenue and total cost curves. On another diagram, sketch the marginal revenue and marginal cost curves.
Compute the consolidated gain or loss on a consolidated income statement for 2009.
Assume20% of all sales are cash sales; remaining 80% are sales on account. Calculate the estimated cash from all sources for March.
Sophia Co., a cellular phone company based in Italy, prepares its financial statements in accordance with iGAAP. In 2010, it reported average assets of €12,500 and net income €1,125.
Columbia Corp held 1,500 of Vianco common stock with a cpst of $74,387. These shares were classified as a long term available-for-sale investment. It sold the shares on December 31st for $55,275. Prepare the journal entry to record this sale.
Provide the T-account for Cash and prepare the trial balance of RT Services Pte Ltd on 31 March 20X1 - Determine the costs of goods sold and ending inventory
Data for Klemmer Company are presented in P12-7B. Further analysis reveals the following.
Alpha Corporation reported the following data for its most recent year: sales, $610,000; variable expenses, $305,000; and fixed expenses, $244,000.
Rhoda, a calendar year taxpayer, files her 2010 return on November 4, 2012. She did not obtain an extension for filing her return, and the return reflects additional income tax due of $25000.
1. The rules of etiquette are
Lynch Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should:
wiengot antennas inc. produces and sells a unique type of tv antenna. the company has just opened a new plant to
tin-tin waste management inc. is growing rapidly. dividends are expected to grow at rates of 30 percent 35 percent 25
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