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If sales totaled $578,725 for the year (82,675 units at $7 each) and the planned sales totaled $865,480 (78,680 at $11.00 each), the effect of the quantity factor on the change in sales is:
$43,945 increase
$27,965 decrease
$286,755 decrease
$43,945 decrease
The business uses the following specialised journals to record its business transactions, The business uses a general ledger, an accounts receivable subsidiary ledger and an accounts payable subsidiary ledger. The 4 column running balance form of l..
Prepare a monthly cash budget and supporting schedules for April, May, and June 2008. On the basis of the cash budget prepared in part (1), what recommendation should be made to the controller?
In response to the same external forces, the return on one investment may increase while the return on another investment may decrease. Investments with lower standard deviations can be expected to produce higher rate or return. Adding stocks with hi..
Would it make sense to buy a house when mortgages rates are 14% and expected inflation is 15%? Explain your answer
The company’s weighted average cost of capital is 12% and payments are made at the end of each month. Illustrate which is cheaper for the company: to buy or lease real estate? Show your computations.
hazy days pool park must replace its pool pump at a cost of 180000. the pump has a useful life of 10 years with an 8000
ABC owns 100% of the outstanding shares of DEF Co. On January 1, Year One, ABC transfers a building to DEF for its fair value of $500,000. At that date, ABC was reporting this building at a net book value of $400,000 with no residual value and a rema..
A machine which cost 240 K$ to purchase, has depreciated linearly to 80K$. It has a remaining useful life of 4 years, and the disposal cost which stands at 8K$ presently, shall be reduced to 0$ at the end of this time. How old is the present machine?..
Illustrate what are the consequences of not telling the president of our gross miscalculations, both ethical and non-ethical? Are there other ethical implications or issues that you and the president need to consider in this situation?
For the coming year, loudermilk inc. anticipates fixed costs of $600,000 a unit variable cost if $75 and a unit selling price of $125. the maximum sales within the relevant range are $2,500,000. construct a cost volume profit chart. estimate the brea..
discusses the major distinctions between business entities and government/non-profit entities, and the impact these distinctions have on financial reporting. Identify two of these distinctions and their impact on financial reporting.
who are the "several different parties" to which Johnson refers and how might they be affected?
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