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The Holiday Card Company, a producer of specialty cards, has asked you to complete several calculations based upon the following information: Income tax rate 30% Selling price per unit $6.60 Variable cost per unit $5.28 Total fixed costs $46,200.00 Required: a. What is the breakeven point in cards? b. What sales volume is needed to earn an after-tax net income of $10,000? c. What sales volume is needed to earn an after-tax net income of $20,000?
Two zero turn lawn mowers costing $2400 each and a professional trimmer costing $650 were purchased for cash. the orginal list price of each mower was $3050, but a discount was recevied because the seller was having a sale. so when will entry i..
The town of Brittainville has two Enterprise Funds- one forits water and wastewater operations. How will the interfund payment be reported on the CableEnterprise Fund's operating statement?
During 1st year of operations Klump Corporation had the following transactions pertaining to its common stock.
during its first year of operations sitwell corporation had the following transactions pertaining to its common
Sales (50,000 units) $1,000,000, direct materials and direct labor $500,000, other variable costs $50,000, and fixed costs $180,000. What is Boswell break-even point in units?
for your assignment discuss when the government and nonprofit organizations would use each of the following
define statistics.identify different types and levels of statistics.describe the role of statistics in business
Before the current year, the company accounted for its income from long-term construction contracts on the completed-contract basis. Early this year, the company changed to the percentage-of-completion basis for accounting purposes but continues t..
bronze corporation sold machinery for $27,000 on december 31, 2011. The machinery had been purchased on january 2, 2008 for $40,000 and had an adjusted basis of $21,000 at the date of the sale. For 2011, what should Bronze Corporation report?
You have been employed as an entry- level management accountant for a little under a year. You suspect that your immediate supervisor is involved in a significant fraud involving diverting of company assets to personal use.
You Would like to make 43 equal payments over the next 21 years (The first payment to be made immediately all other payment to be made at 6 month internals, with the final payment to be made at he 21st. birthday. So that you will be able to cover ..
Determine the premium expense to be reported in the income statement and the estimated liability for premiums on the balance sheet for 2004 and 2005.
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