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Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand is $50.00. Her best guess is that she can sell 300 cups per week at $0.50 per cup. The variable cost of producing a cup of lemonade is $0.20.
a. Given her other assumptions, what level of sales volume will enable Julie to break even?b. Given her other assumptions, discuss how a change in sales volume affects profit.c. Given her other assumptions, discuss how a change in sales volume and variable cost jointly affect profit.d. Use Excel's Formula Auditing tools to show which cells in your spreadsheet affect profit directly.
1. To what extent, if at all, is it possible to bind or benefit a person under the terms of a contract to which he or she is not a party?
suppose greg groovy tunes' inventory account showed a balance of 10000 before the year end adjustements. the physical count of goods on hand totaled 9700. to adjust the accounts, what entry would greg make?
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the southeastern companys manufacturing costs for the thirdnbspnbspquarter of 2008 were as follows depreciation and
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1. Describe why humans have a blind spot. 2. Describe the functional and anatomic differences between rods and cones. 3. Describe the trichromatic and opponent-process theories of color vision.
A company issues $100,000 of a 6% coupon, $1,000 par value bond. what would be the semi annual interest payment journal entry?
1.On January 1, 2006, Mason Co. entered into a 12 year lease on a building.
Woozie Floozy Company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On September 15, Woozie Floozy sold the wholesale operations to Flippy-Floppy Company. During 2014, there were 200,000 shares..
Objectives: Demonstrate application of Accounting Concepts pertaining to a service company including the following:
panner inc. owns 30 percent of watkins and applies the equity method. during the current year panner buys inventory
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