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During the year, 235 bicycles were sold at a price of $1500 each. Other operating costs equaled $80,000 and their tax rate is 30%. round the final answer to the nearest dollar?
A total of 1,300 units were completed and transferred to the next processing dept during the period.Equivalent units of production in ending work in process Materials = 300 Conversion.
Compare the two companies about the ratios. does it seems high ratio- low receivicing day and reverse?
A company purchases property that includes land, buildings and equipment for $5.5 million. The company pays $180,000 in legal fees, $220,000 in commissions, and $100,000 in appraisal fees.
P maintains an ending inventory equal to 100% of the next month's sales. The cost of the units is $12 each. All purchases are on credit. The payables are paid60% in the month of purchase and 40% in
Receivables Turnover Ratio for calendar year ended 12-31-11= $1,377,283/(($193,375+$116,663)/2)=$1,377,283/$155,019= 8.9 Times.Average Age of Receivables for calendar year ended 12-31-11=365 days/8
Total costs were $76,900 when 26,000 units were produced and $97,500 when 39,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units
Carry-ALL plans to sell 1,300 carriers next year and has budgeted sales of $46,000 and profits of $22,000. Variable costs are projected to be $20 per unit. Michael Co. offers to pay $20,500 to buy 6
Cowboy Company wishes to sell a machine with a book value of $40,000. The income tax rate is 30%.The machine is sold for $50,000.
Home Depot and Lowe's are two companies in the same industry. Comparative data for two years are given below:After considering inflation, compute the revenue per employee for each company for 20X1 and
As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle.
Due to increased demand of plastic in the market, Delfi Company can obtain only 9,000 pounds of plastic per month. Delfi can sell as many seats as it can produce of either model.
The last person in the platoon wants to give a letter to the first person leading the platoon. So while the platoon is marching he runs ahead.
Total costs were $72,300 when 27,000 units were produced and $94,000 when 35,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units
In the mean time the whole platoon has moved ahead by 50m. The question is how much distance did the last person cover in that time. Assuming that he ran the whole distance with uniform speed.
In September, Bellfont expects to produce 100,000 door stoppers. Assuming no structural changes, what is Bellfont's production cost per door stopper for September?
Cosby uses a weghted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incureed evenly throughout prouction.
There is a safe with a 5 digit number as the key. The 4th digit is 4 greater than the second digit, while the 3rd digit is 3 less than the 2nd digit. The 1st digit is thrice the last digit. There a
Cosby uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production.
Bubba's Steakhouse has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,540; depr
The contribution margin ratio is 40% for the company and the break-even point in sales is $150,000. If the company's target net operating income is $50,000, sales would have to be?
Briggs Candle Supply makes candles. The sales mix of its three product lines is: birthday candles 30%, standard tapered candles 50%, and large scented candles 20%.
The charter authorized 750,000 shares of common stock with a par $20. the following transactions affecting stockholders equity were completed during the first year of operations.
What are the key acquisition and inventory cycle accounts for Ford? what are the critical accounting policies for these accounts?
The plan requires quarterly installments to be paid to the funding agent, Whims Funds, by the fifteenth of the month following the end of each quarter.