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Breakeven - sales mix

XYZ Company has three products X, Y, and Z.  X sells for $20 with a variable cost of $8,
Y sells for $30 with a variable cost of $21, Z sells for $50 with a variable ...

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Category:Management Accounting on 8 Feb, 2016

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Lightning Electric - current market value of bond

Lightning Electric's outstanding bond has a $1,000 maturity value and a 4.5 percent coupon
rate of interest (paid semiannually). The bond, which was issued five years...

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Category:Financial Management on 8 Feb, 2016

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Bay Manufacturing - process costing and equivalent units

Process Job Costing and Equivalent Units of Production Bay Manufacturing produces paint. The
company has two processes: mixing and packaging. The ingredients for the pai...

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Category:Cost Accounting on 8 Feb, 2016

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Hoosier Company - journal entry for bond investment

On January 1, 2013 Hoosier Company purchased $930,000 of 10% bonds at face value. The bond
market value was $980,000 on December 31 Prepare the appropriate journal entry ...

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Category:Financial Accounting on 8 Feb, 2016

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Ming Inc - retirement of bonds

The December 31, 2012, balance sheet of Ming Inc. included 12% bonds with a face amount of $100
million. The bonds were issued in 2002 and had a remaining discount of $3,400,...

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Category:Financial Accounting on 8 Feb, 2016

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Slug Corporation - convertible bonds

On January 1, 2012, Slug Corporation issued $6 million of 8%, 10-year convertible bonds at 102. The
bonds pay interest on June 30 and December 31. Each $1,000 bond is convert...

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Category:Financial Accounting on 8 Feb, 2016

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