Order to continue employment at the organization
If faced with a situation wherein you are told "to make the numbers," what strategies or techniques might you follow in order to continue employment at the organization?
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A company purchased merchandise inventory at a cost of $4,300 with credit terms 3/15, net 45. If the company elects to pay within the discount period, what would be the appropriate journal entry?
A controversy has developed between the partners of the two service lines as to who is contributing the greater amount to the bottom line.
Can anyone explain me what effects gross profit and cost of goods sold, and why is this number so important. How it is used for decision making. Please make sure to use your own words.
Lindex Company uses a process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 50,000 90% 60%
Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units 20% complete as to conversion costs.
Heritage Insurance Co. is a regional insurance company that began operations on January 1, 2012. The following transactions relate to trading securities acquired by Heritage Insurance Co., which has a fiscal year ending on December 31:
In the month of November, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $16,000 of materials cost and $12,000 of conversion costs.
Wasabi Corp. has a contribution margin ratio of 45 percent. Product selling price per unit is $320, and total fixed costs per year are $2,385,360.
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