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A manufacturing company produces and sells 20,000 units of a single product. Total production costs are $14/unit. If the total sales are $560,000 what mark up percentage is the company using?
The purchase agreement specifies an immediate down payment of $200,000 and semiannual payments of $76,952 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest perc
A company has $25 per unit in variable costs and $1,000,000 per year in fixed costs. Demand is estimated to be 100,000 units annually. What is the price if a markup of 40% on total cost is used to d
Neal does not know the interest rate implicit in the lease; N's incremental borrowing rate is 9%. The rounded present value of an ordinary annuity for nine years at 9% is 6.0. What amount should N
A customer places 10 orders with a total direct cost of $3,000, orders 300 separate items, and makes 5 returns. What will the customer be charged?
The Tobias Company has 12 obsolete computers that are carried in inventory at a cost of $13,200. If these computers are upgraded at a cost of $7,500, they could be sold for $19,500. Alternatively, t
Theresa, a cash basis taxpayer, purchased a bond on July 1, 2007, for $10,000, plus $400 of accrued interest. The bond paid $800 of interest each December 31. On March 31, 2010, she sold the bond fo
suppose that Badger's 2010 ending inventory, valued at year-end costs, was $143,000 and that the relative cost index for this inventory in 2010 was 1.10. In determining the inventory balance should
Cost allocations are computed to 4 significant digits. Resulting values are rounded to the whole dollar. If the purchasing department makes 140,260 copies this year what will be their allocated over
Waterfalls Corporation purchased a one-year insurance policy in January 2009 for $60,000. The insurance policy is in effect from March 2009 through February 2010. If the company neglects to make the
Briar Tek has fixed costs of $700,000. Selling price per unit is $180 and Variable cost per unit is $110. A new employee suggests that Briar Tek sponsor a little league baseball team as a form of ad
For tax purposes, the corporation has elected to take advantage of the maximum benefit for epensing organizational costs. No additional book/tax differences exist. For the year ended December 31, Ye
Briar Tek has fixed costs of $700,000. Selling price per unit is $180 and Variable cost per unit is $110. How many units must Briar Tek Sell to earn a profit of $560,000?
. Average production was 20,000 units per month. Utilities cost was $8,250 in May and $10,500 in October.what The variable utility cost per unit, to the nearest cent, is:
A company is using the high-low method and has determined the following production for the months of January, February, March, and April of 6,000, 5,000, 5,550, and 2,000, respectively. During the s
Stroud resold the land to an unrelated party for $100,000 on September 2Refer to Scenario 4-1. The land will be included in the December 31, 20X2 consolidated balance sheet of Pennie, Inc. and Subsi
A company sells two products - X and Y. Product X is sold at a price of $50 and has a variable cost of $25. Product Y is sold at a price of $25 and has a variable cost of $20. Product X and Y are so
John's Camera will lower its fixed to $80,000 but raise its variable costs to $90 per unit. Should John's Camera go forward with the change in production process?
In making the decision about buying the new machine, how much are total sunk costs?
Materials and labor are the only variable costs. Under what situation should the company lower the price of its windows?
In June they plan to produce 3,000 units. What is their production cost per unit for May and total production costs for June?
At its present level of operations, a small manufacturing firm has total variable costs equal to 65% of sales and total fixed costs equal to 20% of sales. If sales change by $1.00, how operating inc
Rumper Company has 2,000 obsolete ratchers in its inventory which have a cost of $22 each. If the ratchers are reworked they could be sold for $37 each. If sold as-is, the revenue would be only $10
What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
Alice, and Pat of $20,000 each ($60,000 total). How much will Marcie's adjusted gross income increase as a result of the above items?