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Sprint Company makes special equipment used in cell towers. Each unit sells for $400. Sprint produces and sells 12,500 units per year. They have provided the following income statement data: A foreign company has offered to buy 80 units for a reduced price of $300 per unit. The marketing manager says the sale will not negatively affect the company's regular sales. The sales manager says that this sale will require incremental selling & administrative costs, as it is a one - time deal. The production manager reports that there is plenty of excess capacity to accommodate the deal without requiring any additional fixed costs. If Sprint accepts the deal, how will this impact operating income? down $24,000 up $24,000 down $15,040 up $15,040
On January 1, 2012 JumpinJehosaPhats Inc. has been authorized to issue 1,000,000 common shares with a Par Value of $1. In the process of incorporating, the sole proprietor owner's equity accounts must be closed and the equity must now reflect a co..
examine the following book-value balance sheet for university products inc. the preferred stock currently sells for 15
consider the following table of revenue and costs at the end of the
Mabel is a lawyer for a large law firm, Winken, Blinken, and Nod. Winken pays Mabel's annual license renewal fee of $400 and her $300 annual dues to the Ameri- can Lawyers' Association. Mabel also takes advantage of Winken's educational assistance..
What conditions must exist before a loss contingency can be recorded in the accounts?
on april 1 2011 warm universe issued 8 bonds dated april 1 2011 with a face amount of 10000000. the bonds mature in
pankratov lakes is a new recreational real estate development which consists of 500 lake-front and lake-view lots. as a
if the total fixed cost and the contribution margin per unit of product are given explain how to compute the number of
on december 31st the end of the current year the following data was accumluated to assist the accountant in preparing
One basic method that an accountant can use to analyze the financial situation of a business is ratio analysis.
blue corporation a manufacturing company decided to develop anew line of merchandise. the project began in 2008. blue
Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. Prepare an unadjusted trial balance for Manis Architects as of January 31, 2016. Determine the net income or net ..
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