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Electricity is sold for $.12 per kilowatt-hour for the first 10000 units each month and $.09/kWh for all remaining units. if a firm uses 14000 kWh/month, what is its average and marginal cost? (Average cost is $.111/kWh)
This year she received a state income tax refund of $170. What amount of the refund, if any, should Opal comprise in her gross income if last year her total itemized deductions exceeded the standard deduction by $350?
Decrease both aggregate output and aggregate price levels. Decrease aggregate output, but increase aggregate price level.
Describe the reason for any difference in the ending inventory balances under the two costing methods and the impact of this difference on reported net operating income.
Multiple choice questions based on business accounts and A corporation and its' owners are distinct entities
Isaac only has $690 today but needs $800 to buy a new laptop. Explain how long will he have to wait to buy the laptop if he earns 5.4 percent compounded annually on his savings?
You purchase 30 bonds with a coupon rate of 5 7/8 and a current market price of 89. The commission charge is $15.00 per bond. The date of the transaction is September 1, and the bond pays interest on January 1 and July 1. Evaluate what is your tot..
What are company’s departmental overhead rates if the assembly department assigns overhead based on direct labor hours and the finishing department assigns overhead based on machine hours?
Calculation of average issue price and sale price of common stock and prepare balance sheet of Herman Corporation on December 31, 2008
the retailer is an important customer supplier allows the firm to stretch its credit terms what is retailers effective cost of trade credit
Preparation of condensed income statement by valuation of inventories with LIFO and FIFO method and Prepare a condensed income statement for the year on both bases for comparative purposes.
she sold 48 shares, which could not be specifically identified, for $576, and on December 8, 2011, she sold another 25 shares for $100. Illustrate what is her recognized gain or loss?
Equity Transactions and Statement Preparation - share cash dividend on common stock and declared preferred dividend.
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