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Fountain Corp. has a selling price of $15 per unit and variable costs of $10 per unit. When 14,000 units are sold, profits equaled $45,000. What is the margin of safety?
Maris Company accumulates the following sales data for its product, Garden-Tools-Prepare a static budget report for the quarter.
Prepare the journal entry to record the purchase of the bonds by Saxton-Bose on January 1, 2011. Enter your answers in dollars not in millions. Round "PV Factor" to 5 decimal places andfinal answers to the nearest whole dollar amount.
The controller for P & P Products neglected to have her staff accrue the payroll for the last week in December, 2014. The following data should have been considered and accounted for in P & P Products’ books. Journalize any necessary entries to accru..
What is the journal entry required to establish the LIFO reserve for Orange Corporation?
Prepare a forecast statement of cash flows for the six months to 31 March 2012 and an income statement for the six months ended on that date
One client gave the company a computer with a retail price of $2,500 and a fair market value of $2,000 in exchange for accounting services. Based on these facts, what is the company's gross income for the year
The machinery has an expected life of 10 years. Lu Limited has an incremental borrowing rate of 10%. Lu has been told that the interest rate implicit in Lease 1 is 8%. D raw an entry to record exercise of the bargain purchase option.
Cash with beginning balance of $21,000, Investments with a beginning balance of $59,000, Due from state government with a beginning balance of 109,000, Accounts Payable 9,000, Total Fund Beginning Balance 180,000, Revenues INTERGOVERNMENTAL, Revenues..
Supply Club, Inc., sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2016 it started a loyalty program through which qualifying customers can accumulate points and redeem t..
Explain how much asset turnover should manufacturer B have to match manufacturer A's ROE?
Calculate general administrative , and selling expenses of sales for the years ended January 31, 2009, and January 31, 2008, By what percent did these expenses increase or decrease from fiscal year 2007 and 2008? The company's fiscal year ends on ..
process costing fifo costing methodcanned fruits and vegetables are the main products made by yummy foods inc. all
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