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The Can Division of Fruit Products Inc. manufactures and sells tin cans externally for $0.30 per can. Its unit variable costs and unit fixed costs are $0.12 and $0.04, respectively. The Packaging Division wants to purchase 50,000 cans at $0.16 a can. Selling internally will save $0.01 a can. Assuming the Can Division has sufficient capacity, what is the minimum transfer price it should accept?
auto lavage is a canadian company that owns and operates a large automatic carwash facility near quebec. the following
the illinois corp. which maintains a periodic inventory acquired 12000 of merchandise inventory in january of 2012 but
How much compensation income does Priscilla recognize from Choice Corporation - an employee of Choice Corporation, receives an annual salary of $70,000.
Assuming the U.S. tax rate is 35% and no valuation allowance is required, what is North's total income tax expense reported on its financial statements for 2010?
the sarbanes-oxley act of 2002 sox has emphasized the importance of ethical behavior and codes of conduct. discuss the
given the following information sales 5000 fixed expense 2000 variable exp 1750 what would expected net income be if
Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2009 and reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of D..
at the end of the year actual manufacturing over head costs were 120k and applied manufacturing overhead cost were
You read in the wall street journal that 30 day US treasury bills are currently yielding 8%. your brother in law, a broker, a broker at Kyoto Securities, has given you the following estimates of current interest rate premiums:
fleming corporation produces leather purses. the company is setting up a standard cost system and has collected the
Which of the following is not an expense recognition approach recognized by the FASB as an expense recognition principle to properly match expenses against revenues?
An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjusting entry for uncollectible accounts would be:
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