Monthly Archives: September 2017

In the year 2008, Wiggins Processing Company had the following

In the year 2008, Wiggins Processing Company had the following contribution income statement: WIGGINS PROCESSING COMPANY Contribution Statement for 2008 Sales $1,000,000 Variable costs Cost of goods sold $440,000 Selling and administrative 200,000 (640,000) Contribution marginĀ  360,000 Fixed Costs Factory … Continue reading

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How many phones must Cellular Galaxy sell during a given period

QUESTION 1 How many phones must Cellular Galaxy sell during a given period to break even given the following cost and price data: Sales Price $199.00 Variable Costs $31.00 Fixed Costs $25,000.00 Depreciation $5,000.00 Tax Rate 36% QUESTION 2 How … Continue reading

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MileHi Mountain Bikes markets mountain-bike tours to clients vacationing

MileHi Mountain Bikes markets mountain-bike tours to clients vacationing invarious locations in the mountains of British Columbia. The current liabilities section of theOctober 31, 2010, balance sheet included notes payable of $15,000 and interest payable of $375 related to a … Continue reading

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Davis Skaros has recently been promoted to production manager

Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has … Continue reading

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Marie LeBlanc is considering adding drilling rigs to her fleet of workover rigs

Marie LeBlanc is considering adding drilling rigs to her fleet of workover rigs. The drilling rigs are significantly more expensive and will require Ms. LeBlanc to consider raising additional capital. She has decided on a mix of debt and equity … Continue reading

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Grain Company used the periodic inventory system for purchase & sales

Grain Company used the periodic inventory system for purchase & sales of merchandise. Discount terms for both purchase & sales are, FOB Destination, 2/10, n30 and the net method is used. Grain Company purchased on account $2,800 of merchandise from … Continue reading

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Aussie Ltd is an Australian subsidiary company of Meranti Ltd

Question 1 (25 Marks) Aussie Ltd is an Australian subsidiary company of Meranti Ltd. Meranti Ltd manufactures furniture manufactures high quality furniture at a much lower cost and export it to Aussie Ltd. Aussie Ltd has been very successful and … Continue reading

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Growing Real Fast Company (GRF) is expected to have a 25 percent

1. Growing Real Fast Company (GRF) is expected to have a 25 percent growth rate for the next four years (affecting D1, D2, D3, and D4). Beginning in year five, the growth rate is expected to drop to 3.5 percent … Continue reading

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Mrs. Yang is considering buying a share of stock in a firm

1. Mrs. Yang is considering buying a share of stock in a firm that has the following two possible payoffs with the corresponding probability of occurring. The stock has a purchase price of Php 7.50. You forecast that there is … Continue reading

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On November 21, 2016, a fire at Hodge Company’s warehouse caused

On November 21, 2016, a fire at Hodge Company’s warehouse caused severe damage to its entire inventory of Product Tex. Hodge estimates that all usable damaged goods can be sold for $16,000. The following information was available from the records … Continue reading

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