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Bumpass Corporation's contribution margin ratio is 79% and its fixed monthly expenses are $ 48,000. Assume that the company's sales for July are expected to be $ 107,000.
Estimate the company's net operating income for July, assuming that the fixed monthly expenses do not change. (Omit the "$" sign in your response.)
Net operating income
DeAnne Company produces a single product. The company's variable costing income statement for August appears below:
The company produced 35,030 units in August and the beginning inventory consisted of 8,690 units. Variable production costs per unit and total fixed costs have remained constant over the past several months.
Under absorption costing, for the month ended August 31, the company would report a Net operating profit (loss) of:
$43,190 profit
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Immediately after issuance, the market value of each warrant was $4. On December 31, 2012, what amount should Moss record as discount or premium on issuance of bonds?
Assuming the market price of the Schieble bonds was known to be $180,000, but the market price of the warrants without the bonds cannot be determined, what are the amounts that should be allocated to the warrants and the bonds?
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A private-purpose trust fund sold investments in securities having a carrying value of $23,000 for $26,000, resulting in a $3,000 gain on the change in value. If there are no trust provisions to the contrary, the gain is generally??
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