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The textile Products Ltd., has provided the following information about factory overhead costs and prodcuction level for the year 1988.
Normal Capacity 40,000units of product
Expected Actual Capacity 350,000 units of product
Fixed Expense: Rs.7,00,000
Variable expenses: Rs.2,00 per unit
Work out factory overhead absorption rate for both normal as well as expected actual capacity.
White Corporation decides to discontinue the business and distributes all of the $4 million of insurance proceeds collected as a result of the fire to Helen and Gray Corporation in redemption of 20 shares of stock from each shareholder. Determine ..
Expenditures were 4000000 in 2011 and 2050000 in 2012 which included a change to the original construction design in the amount of 50000. what amount should be added to net capital assets in the governmental accounts in 2012?
If a firm borrows $8,000 to finance the purchase of a new machine. The loan is to be repaid in 7 annual installments at the end of each of the next 7 years, and the interest rate on the loan is 12%. Calculate the annual payment, rounded to the nea..
Many public universities are quite similar to their private counterparts. Indeed, some large state universities receive less than 25 percent of their resources from the state. How, then, can you account for the substantial differences in their rep..
An investor is looking to buy stock in Company XYZ. The earnings in the last year were $9.50 a share and expected to grow 3% a year for the upcoming 5 years. The current return on benchmark investments is 11%. Using the Capital Asset Pricing Model..
What is the role of social responsibility in finance for Michael Milken, Ivan Boesky and Martha Stewart? Describe how unethical behavior can go undetected by regulators and accountants. What are the implications of this to financial markets?
What types of costs are included in raw material inventory, work-in-process inventory, and finished goods inventory?
Assume the British pound appreciates against the dollar while the Japanese yen depreciates against the dollar. Which of the following is true?
What is the purpose of the CUT-OFF audit objective as applied to ACCOUNTS RECEIVABLE?
On July 1, 2002, Raptor Corporation, a wholesaler of used robotic equipment, issued $7,500,000 of ten-year, 10% bonds at an effective interest rate of 12%, Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year o..
Purple never used the land for any business purpose during the time it was owned by the corporation. What amount of loss can Purple Corporation recognize on the sale of the undeveloped land?
A. Calculate the break-even point(s) B. If Cesar's Bottlers can sell all the units it can produce, shoud it operate ar one, two, or three shifts? Support your answer.
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