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Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. The company's selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company's sales is $1,680,000, what is its contribution margin?
Gentry Company produces speaker systems for trucks. Estimated sales (in units) in January are 20,000; in February 25,000; and in March 22,000. Each unit is priced at $45. Gentry wants to have 25% of the following month's sales in ending inventory.
during december at ingrim corporation 74000 of raw materials were requisitioned from the storeroom for use in
A business issued a 120-day, 6% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, includ..
On that date the market price of the bonds was 105 and the market price of the common stock was $36. The total unamortized bond premium at the date of conversion was $175,000. Jenks should record, as a result of this conversion
a dairy allocates the cost of unprocessed milk to the production of milk cream butter and cheese. for the current
The balance in Accounts Receivable was $200,000 at 1/1 and $240,000 at 12/31. At 12/31/10, Smithson estimates that 5% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2010?
please explain the cost-volume-profit analysis model and discuss how it can be
which of the following represents the largest number of common shares?a. treasury sharesb. issued sharesc.
The Company has no beginnings or ending inventories. TheCompany produced and sold 10,000 units last month. What is the Company's contribution margin ratio?
Standlar Company makes wireless speakers. The standard model price is $360 and variable expenses are $210. The deluxe model price is $500 and variable expenses are $300.
What is the significance of current assets vs. long-term assets? Would they affect your ability to obtain a loan or sell your business? Explain.
Maine Company reported a pretax operating loss of $150,000 for financial reporting and tax purposes in 2012. The enacted tax rate is 40% for 2012 and subsequent years.
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