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The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $36.46. The variable cost per unit is $25.45, Poseidon Swim has average fixed costs per year of $52,115.
Question 1: What is the break-even point in dollar sales?
Rebecca sells a painting for $1,200 that she acquired five years ago for $900. What are the tax implications attributable to these sales?
Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $390,000 due in 27 years. In other words, they will need $390,000 in 27 years. Toni Flanders, the company's CEO, is scrambling to discount the liabil..
Find How much should she invest at the beginning of each year for the next 5 years in order to achieve her goal? how much money should she invest now?
Approximately 7.5% of the $175,000 of accounts receivable were estimated to be uncollectible. What adjusting entry would be made December 31, 2014?
Assume that once the year ends, the company determines that 12,000 machine hours were actually used during the year and actual overhead was $420,000, what would be the total overhead applied and the over-applied overhead for the year?
Account on the home office's books has an $85,000 balance. In analyzing the activity in each of these accounts for December you find the following differences
1. a company purchased factory equipment on june 1 2013 for 80000. it is estimated that the equipment will have a 5000
On April 1, 2014, Webber Corporation issued $6,500,000 of 10-year, 11% bonds at a market (effective) interest rate of 8%, receiving cash of $7,825,055. Interest is payable semiannually on April 1 and October 1. Journalize the entry to record the issu..
Given the following information, calculate the bottom-up estimated costs for a wedding with 250 guests and a bridal party of six, using the methods indicated. If you had calculated Parametric estimate and Analogous cost estimate, would there have bee..
In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its employees to buy shares directly from the company through payroll deduction. Prepare the appropriate journal entry to record th..
Hammerhead Charters runs fishing trips out of the local port. Hammerhead charges $50 per trip for a half-day trip. Variable costs for Hammerhead total $20 per trip and the fixed costs are $6,000 per month. How many trips must Hammerhead sell to break..
At December 31, Year 4, what was the amount of Shel's payable to Mussel for intraentity sales? During Year 4, Mussel sold goods to Shel at same markup on cost.
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