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Numeric Corporation produces and markets two types of electronic calculators: Model 100 and Model 200. The following data were gathered for last month:
Model 100 Model 200
Sales in units 5,000 3,000
Selling price per unit $50 $100
Variable expenses per unit $15 $ 32
Traceable fixed costs $105,000 $157,500
Common fixed expenses: $110,000 - -
Required: In good form,prepare a segmented income statement in the contribution format for last month:
compute and compare the accounts receivable turnover ratios for coca-cola and wal-mart. indicate all numbers you used
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Prepare the appropriate adjusting entry for vacations earned but not taken in 2011.
Hankco accepts all major bank credit cards, including Omni Bank's, which assesses a 4% charge on sales for using its card. On June 28, Hankco had $3,300 in Omni Card credit sales. What entry should Hankco make on June 28 to record the deposit?
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you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
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