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Castle Rook Industries - breakeven

This past year Castle Rook Industries sold 2,000 of its designer-chrome chess sets.  The
company reported total sales of $400,000 and variable product costs of $180,...

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Category:Management Accounting on 1 Nov, 2014

Required Credit(s) :2

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Laramie Company - cost of goods sold

Laramie Company has the following inventory balances, in dollars, for the current
year:              &nbs...

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Category:Cost Accounting on 1 Nov, 2014

Required Credit(s) :1

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Corbin Catering - bank reconciliation

Corbin Catering prepares monthly bank reconciliations of its checking account balance. The bank
statement received by Corbin Catering for February 20X9 follows:   ...

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2
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Category:Financial Accounting on 1 Nov, 2014

Required Credit(s) :1

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Howell Corporation - Income Statement

Income statement and schedule of cost of goods manufactured. The Howell Corporation has the
following account balances (in millions):   For Specific
Date&n...

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Category:Cost Accounting on 31 Oct, 2014

Required Credit(s) :2

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Mike Polanski - Time value of money

Mike Polanski is 30 years of age and his salary next year will be $40,000. Mike forecasts
that his salary will increase at a steady rate of 5% per annum until his retire...

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Category:Financial Management on 31 Oct, 2014

Required Credit(s) :1

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VC Warren Company - breakeven and operating leverage

The current information for the VC Warren Company is shown below: Sales $500,000 Less
variable expenses $175,000 Contribution margin $325,000 Less fixed expenses $90,0...

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Category:Management Accounting on 31 Oct, 2014

Required Credit(s) :3

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