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Grand Products is a price-setter, and they use cost-plus pricing methodology for pricing their products which are unique, artistically designed architectural decorations. They produce and sell 6,000 units per year, at their maximum capacity. Variable costs are $330 per unit. Total fixed costs are $900,000 per year. The CEO has a target of $50,000 operating income which he wants to hit by year-end. Using the cost-plus pricing method, what price should Grand use?
What are the considerations in imputing an appropriate interest rate?
Prepare the adjusting entry (if any) for 2008, assuming the securities are classified as available-for-sale.
the galindex companyu2019s net income in 2008 was 1295000. the company had 450000 shares of common stock outstanding
For each of the following, journalize the necessary adjusting entry:
Also, the partnership will assume responsibility for a $30,000 note secured by a mortgage on that building. Wright will invest $50,000 cash. For the partnership, the amounts to be recorded for the building and for Chen's Capital account are ??
at the beginning of the year a firm leased equipment on a capital lease capitalizing 60000 in both its lease liability
James receives a gift of rare books valued at $10,000. The books have an adjusted basis of $6,000 to the donor. Several months later, James sells the books to a professional collector for $9,000. What is James‘s gain or (loss) on the sale?
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