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a. Bert Company budgets sales of $900,000, fixed costs of $36,500, and variable costs of $162,000. What is the contribution margin ratio for Bert Company? (Enter your answer as a whole number.)
b. If the contribution margin ratio for Ernie Company is 69%, sales were $643,000, and fixed costs were $337,190, what was the income from operations?
It had a useful life of 10 years. On January 1, 2012, ELO spent 44,000 to successfully defend the patent in a lawsuit. ELO feels that as of that date, the remaining useful life is 5 years. Illustrate what amount should be reported for patent amort..
june 1 deposited the 150000 into a business account. paid three months rent in advance of 3000. prepaid rent is treated
During April, the actual production was 5,000 tons of the finished product and the costs incurred were: variable production overhead total variance; and
Eckhart Company uses the absorption costing approach to cost-plus pricing as described in the text to set prices for its products. Based on budgeted sales of 67,000 units next year, the unit product cost of a particular product is $14.3. The company'..
Ninja Co. issued 19-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price? Assume a face value of $1,000
Investigate any checks shows large or unusual payments to related partie
Assume the Blink Company began operations on July 1, 2013. The sole stockholder invested $25,000 in cash and $5,000 of inventory in exchange for common stock. Jul. 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30..
Monia Lee, administrative director of Digital Imaging Center, has been asked by the practice members to see if it is feasible to add more staff to support the practice;s mammography service, which currently has two digital units and two technologists..
The Claire Corporation sells only one product. The following is budgeted information for that product: How many units does Samantha need to sell to breakeven? How much revenue does Samantha need to generate to breakeven? Assume Samantha is currently ..
(Lessee-Lessor Entries, Sales-Type Lease) Rookie Leasing Company agrees to lease machinery toPro Corporation on January 1, 2014. The following information relates to the lease agreement. The term of the lease is 6 years with no renewal option, and th..
Prepare an income statement for the company in good format. Always include the name of the company and the period covered in the title.
Jimmy has fallen on hard times recently. Last year he borrowed $271,000 and added an additional $95,500 of his own funds to purchase $366,500 of undeveloped real estate. This year the value of the real estate dropped dramatically, and Jimmy’s lender ..
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