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Type your question hereLankford Manufacturing carries no inventories. Its product is manufactured only when a customer's order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31, 2012, Lankford's break-even point was $1.33 million. On sales of $1.18 million, its income statement showed a gross profit of $106,000, direct materials cost of $404,400, and direct labor costs of $506,600. The contribution margin was $106,000, and variable manufacturing overhead was $98,300.
Quail issued $200,000 of its 10-year 12% bonds for $224,924 on October 1, 2010. The effective rate on the bonds was 10% and interest is paid each October 1 and April 1. Assuming Quail uses the effective interest method, the adjusting entry on Dece..
For each internally generated document, how many copies are needed? What is the purpose of each copy? Where does each copy go?
Burden Inc. is considering these two alternatives to finance its construction of a new $2 million plant: (a) Issuance of 200,000 shares of common stock at the market price of $10 per share. (b) Issuance of $2 million, 6% bonds at face value.
Review an annual report of a popular company ie. Target, Kohl's Bass Pro shops, and answer the following questions with references:
Strong Wood Company is a distributor of patio furniture. Data concerning the next month's budget appear below. What is the company's margin of safety? What is the company's margin of safety as a percentage of sales?
Parrett had equipment with a book value of $250,000 and a fair value of $400,000. Jones had equipment with a book value of $170,000 and a fair value of $320,000. What is the consolidated balance for the Equipment account as of December 31, 2013..
In its 2004 annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized."
calvin company expects to sell 10 million cases of paper towels during the current year. budgeted costs per case are 24
How can a firm's security policies contribute and relate to the six main business objectives and give example.
When the balance sheet was prepared, the value of the equipment later rose to $22,000. What is the relevant measure of the value of the equipment?
the following information has been obtained for the gocker corporation.1. prior to 2012 taxable income and pretax
How will Wren Corporation be taxed on the distribution? How will Adam be taxed on his receipt of the cash and notes?
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