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Pepper's Automotive produces auto parts for various automotive retailers. Peppers is evaluating the exhaust system division of the company and has come up with the following data for the year: net revenues are $1,000,000, variable costs are $300,000, and fixed costs are $400,000. Of the fixed costs, controllable fixed costs are $100,000 and noncontrollable fixed costs are $300,000. What is the controllable margin and total contribution by profit center (CPC)?
The options are exercisable as of September 13, 2010, for 32 million common shares at an exercise price of $56 per share. During 2011, the market price of the common shares averaged $70 per share. Calculate Berclair’s basic and diluted earnings pe..
Ted is a successful attorney, but when he turned 50 years old he decided to retire from his law practice and become a professional golfer. Ted has been a very successful amateur golfer, so beginning this year Ted began competing in professional golf ..
Below is a list of items that you will need to incorporate into your mass manufacturing business. You are to create a manufacturing plant with 2 separate divisions. Each division will make one type of product (i.e. Textbooks and Pens or Shoes and Pur..
Purchasing agents with real or potential conflicts of interest should not process purchase orders for the vendor with whom they have a relationship
More and more companies are making the switch to “unlimited vacation” policies. Discuss possible reasons for the switch, benefits and drawbacks, as well as short-term and long-term accounting implications.
(Learning Objective 4: Evaluate internal control) The following situations describe two cash payment situations and two cash receipt situations. In each pair, one set of internal controls is better than the other. Evaluate the internal controls in ea..
Barton Company uses the perpetual inventory system. The company purchased $13,000 of merchandise from Banks Company under the terms 2/10, net/30. Barton paid for the merchandise within 10 days and also paid $895 freight to obtain the goods under term..
Clearly Discuss below two potential non-misstatement timing differences that could cause a discrepancy between a client's receivable records and his/her customer's records.
Problem being, over the last five years, they never used 100% of that budget. What steps would you take to help that manager come to a more realistic budget?
In 2013, the Turnkey Company had consulting revenues of $1,000,000 while costs were $750,000. In 2014, Turnkey will be introducing a new service that will generate $150,000 in sales revenues and $60,000 in costs. Assuming no changes are expected for ..
yemi ltd. is a retailer operating in edmonton alberta. yemi uses the perpetual inventory technique. all sales returns
Susie started a grocery business on 1/1/2015 with an initial investment of $60,000. She rented a place to open the store. Perform the entire accounting cycle (no need to prepare financial statements). You can stop at Step 9, the post-closing adjusted..
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