The sale of equipment
If a company uses the indirect method to prepare the statement of cash flows, how will a loss from the sale of equipment be presented on the statement?
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Ben James established Big Sandy Combine (BSC) to provide executive counseling and job placement services to its clients. Ben charges a fee of $450.00 per hour for each service. The revenues and costs for the year are shown in the following income
Simid Sprts single product is purchased for $30 per unit and resold for $55 per unit. The expected inventory level of 2,500 units.
The standard cost of product 777 includes 2.40 units of direct materials at $5.00 per unit. During August, the company bought 28,700 units of materials at $5.09 and used those materials to produce 12,300 units.
On April 30, 2014, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value.
Given: laptop sells for $1,000 per unit. Variable cost per unit is $400. Monthly fixed costs are $2,400,000. Compute the following: 1)Break even point in units and in total sales dollars.
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Each ounce of the vanilla, yields 4 bars of Best and 3 units of Great. The vanilla costs $21 per ounce. A batch of 15 ounces of vanilla has processing costs (not including the cost of the raw material) of $350 before the split-off point.
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