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The following data is extracted from the books of ABC Shoe Company for the year 2008. The company sold 100 units during the year.
Variable cost per unit is Rs.60
Fixed cost is Rs.40000
Price per unit is Rs.100
Calculate: breakeven point
Margin of safety in units
Operating profit.
prepare a Balance Sheet, given details attached below, Acid Test Ratio : 2.5, Current Ratio : 1.5, Net working capital Rs. 10, 00,000, Fixed Assets ?, Share holders fund Rs. 15, 00,000, Stock\ Inventory ?
A construction company can lease an asset for the next four years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6000 at year 1, $7000 at year 2, $7000 at year 3 and $4000 at year 4. Use a 12% minimum acceptable..
Based on the article, your review of the firm and anything else you want to bring in (e.g., comparisons with other firms); how did the firm do? How did this compare to previous periods and to expectations? If you had the money to invest, would thi..
1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. 2. Show the year-end balance sheet presentation for accounts receivable.
Storm paid no installation charges under the monthly payment plan but a $200 installation charge would have been incurred with a cash purchase. The amount to be capitalized as the cost of the machine on October 31, 2010 would be ?
What is the total static-budget variance? A. $5,200 favorable b. $3,320 favorable c. $1,880 unfavorable d. $1,880 favorable 250. _______________ is a carefully predetermined amount usually expressed on a per-unit basis.
If Jeff worked 55 hours, how many hours of overtime will Jeff earn?
Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the inception of the lease through January 1, 2012. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis
the bookkeeper for bradbury company asks you to prepare the following accrued adjusting entries at december
Describe for the students the primary objectives of accounting. Explain the basic terminology of the accounting process or financial reporting.
In the first month of operations, the total of the debit entries to the cash account amounted to $700 and the total of the credit entries to the cash account amounted to $300. The cash account has a _________
Suzy has been the sole shareholder of a calendar year S-Corporation since 1979. The S-Corporation has the following balances.
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