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Suzanne owns interests in a bagel shop, a lawn and garden store, and a convenience store. Several full-time employees work at each of the enterprises.
Jake Marley, owner of Marley Wholesale, is negotiating with the bank for a $200,000, 90 day, 12 percent loan effective July 1 of the current year. If the bank grants the loan, the proceeds will be $
Ernie Gilmore began working as a part-time waiter on June 1,2012 at sporthouse restaurant. The cash tips of $390 that he received during June were reported on Form 4070, which he submitted to his em
During 2002, real GDP in Japan rose about 1.3 percent. During the same period, retail sales in Japan fell 1.8 percent in real terms.What are some possible explanations for retail sales to consumers
If mark up is based on variable costs, how much revenue must each service generate to provide the profit expected by corporate headquarters? What is the anticipated revenue per hour for each service
You can receive $10,000 today or $3,000 per year for the next five years. If the required rate of return is 10%, what option should be selected? (The present value of an ordinary annuity at 10% for
Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for t
If sale is $ 8,00,000 , Variable cost = $ 4,80,000, Fixed cost = $ 1,60,000.The global industry is thinking of expanding the industry capacity. The increase in fixed costs due to industry expansion
Department Head: Those bean counters have messed up again! I told those guys in international sales that selling to customers in Tcheckia was risky, but at least by hedging our exposure, we managed
Enciso Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $31,000. Budgeted cash receipts total $135,000.
Billy Riggan is in charge of all technical developments at Always Round Tire. He makes all the choices concerning product innovations in the company.
Yang Corporation wholesales repair products to equipment manufacturers. On May 1, 2014, Yang Corporation issued $20,000,000 of 10-year, 9% bonds at a market (effective) interest rate of 7%, receivin
A direct labor worker at Cogswell Corporation is paid $22 per hour for regular time and time and a half for all work in excess of 40 hours per week.
Manufacturing overhead cost per unit is based on variable cost per unit of $4 and fixed costs of $39,000(at full capacity of 13,000 units). Marketing cost per unit, all variable.
The chief cost accountant for Sassy Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning June 1 would be $97,500, and total direct
Patsy Folson is evaluating what appears to be an attractive opportunity. She is currently the owner of a small manufacturing company and has the opportunity to acquire another small company's equipm
During May, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods.
If an Iron Industry has earned contribution of $ 2,00,000 and net profit of $ 1,50,000 on sales of $ 8,00,000. What would be its margin of safety.
On the basis of given data of the Star Industries Sales = $ 100000, Variable cost = $ 75000 and fixed cost = $ 20000, Find the BEP, Margin of safety and margin of safety ratio.
If margin of safety is $ 240000 ( which is 40% of sales) and P/V Ratio is 30%. Calculate the Break Even Sales, and the amount of Profit on sales of $ 900000.
Martin & Associates borrowed $5,000 on April 1, 2013 at 8% interest with both principal and interest due on March 31, 2014.
Siemens made sales in two successive years 7000 units and 9000 units respectively and has incurred a loss of $ 10,000 and a earned a profit of $ 10,000 respectively. Find the fixed cost and the num
If kasper produces a single product and sells it at $ 200 per unit. He variable cost of the product is $ 120 per unit an fixed cost for the year is $ 96,000. Calculate its P/V ratio and Sales at
Basically, we have FOB shipping point and FOB destination. With FOB shipping point, the ownership (title) passes to the buyer as soon as the merchandise leaves the seller's dock (i.e. in transit).
Your neighbor Loot Starkin invited you to lunch yesterday. Sure enough, it was no "free lunch" because Loot wanted to discuss the annual report of Dodge Corporation.