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Baker Company has a product that sells for $20 per unit. The variable expenses are $12 per unit, and fixed expenses total $30,000 per year.
Required:a. What is the total contribution margin at the break-even point?b. What is the contribution margin ratio for the product?c. If total sales increase by $20,000 and fixed expenses remain unchanged, by how much would net operating income be expected to increase?d. The marketing manager wants to increase advertising by $6,000 per year. How many additional units would have to be sold to increase overall net operating income by $2,000?
Determine the amount to be added to Allowance for Doubtful accounts in each of the following cases. (a) Balance of $500 in the allowance account just prior to adjustment. Analysis of accounts receivable indicates doubtful accounts of $9,500.
What is the total cost of building 8 picture frames by a new employee using the cumulative average-time method?
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Issued 5,000 ordinary shares at P45 per share, less cost related to the issuance of the share totalling P7,000.00
one day adam was back at the store after losing a bid to big builder when he noticed someone in the store purchasing
1. Zee Company's cash account in their ledger has a debit balance of $1094. Zee has $162 of outstanding checks and $283 of deposits in transit. Zee's bank statement shows $36 in charges for checks bought from the bank. What is the proper ba..
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