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If Fama Company, with a The level of business operations at which revenues and expired costs are equal. break-even point at $263,200 of sales, has actual sales of $470,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. If the margin of safety for Watkins Company was 25%, Costs that tend to remain the same in amount, regardless of variations in the level of activity. fixed costs were $1,080,000, and Costs that vary in total dollar amount as the level of activity changes. variable costs were 75% of sales, what was the amount of actual sales (dollars)?
1. reflect on and describe which key concepts and topics in this course have made you a stronger candidate to enter the
A company paid $50,000 to its insurance company for fire insurance coverage over the next year. Which of the following items would be increased by this insurance prepayment transaction?
Which of the following accounts is not a contra-revenue account?
Riblet, Inc. determines that 54,000 pounds of direct materials are needed for production in May. There are 3,200 pounds of direct materials on hand at May 1 and the desired ending inventory is 2,800 pounds. If the cost per unit of direct materials is..
Prepare the statement of cash flows using the indirect method and the combination that best reflects the appropriate classification of cash received from operating, investing and financing activities.
on 2nd january 2013 mize co. issued at par 300000 of 9 convertible bnds. each 1000 bond is convertible into 60 shares.
Improve the process used to produce, sell, deliver and service the customer. Use less menu-based pricing that allows customers to select features and services it wishes to pay
During 2015 the following transactions were recorded by the Baton Rouge Community Hospital a private sector not-for-profit institution. Gross charges for patient services all charged to Patient Accounts Receivable amounted to 1,700,000.Contractual ad..
On November 30, the end of the current fiscal year, the following infor- mation is available to assist Caruso Company’s accountants in making adjusting entries: Caruso Company’s Supplies account shows a beginning balance of $2,350. Purchases during t..
free trade credit firm receive during the year.filbeck company buys on terms of 215 net 30 days. it does not take
What are the arguments for giving separate accounting recognition to the conversion feature of debentures?
When you want to create an invoice without inventory items, use the following form: Cash paid to a creditor would be reported in the statement of cash flows under the: Business managers and owners, depend on financial statements because: The standard..
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