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Managerial accounting homework
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Spencer Company expects to sell 60,000 units next year. Variable production costs are $4 per unit, and variable selling costs are 10% of the selling price. Fixed expenses are $115,000 per year, and the company has set a target profit of $50,000. Based on this information, the unit selling price...
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Please help me with this problem: 2006 balance sheet shows $860,000 in common stock, and 6.9 million in additional paid in surplus and 2007 balance sheet shows $885,000 and 7.7 million in same two accounts, respectively, then if company paid out $600,000 in cash dividends during 2007, how do I...
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hi, I have two questions if someone wouldn't mind helping me with! Thanks Question 1: The contribution margin ratio is 30% for the Honeyville Company and the break-even point in sales is $150,000. If the company's target net operating income is $60,000, sales would have to be: Question... View more questions Search
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