The difference between the unit sales price and the unit variable cost of an item is defined as the ________.
What will be an ideal response?
unit contribution margin or contribution margin
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At the beginning of 2018, Moony, Inc. has a cumulative net actuarial loss in AOCI of $50,000 in its pension plan. The estimated remaining service period of active employees is 12 years for both years. 20182019Beginning plan asset value$335,000 $350,000 Beginning projected benefit obligation 325,000 385,000 Current year gain or (loss) (37,500) 25,000 The amortization of the cumulative net actuarial loss for 2018 is:
A. $4,500. B. $0. C. $3,350. D. $1,375.
Data from Dalpiaz Corporation's most recent balance sheet and income statement appear below: This YearLast YearAccounts receivable, net$104,000 $114,000 Inventory$157,000 $165,000 Sales on account$647,000 Cost of goods sold$438,000 Required:Compute the average collection period for this year:
What will be an ideal response?
When negotiating through a representative during group negotiations, an approach called "calculated incompetence" means the negotiator is intentionally given false or misleading information to reveal to the other party.
Answer the following statement true (T) or false (F)
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Assume that Frank Company uses a perpetual inventory system.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) Wetzel Company granted a $70 allowance to a customer who was not totally satisfied with the quality of goods received. The customer did not return the goods and had not yet paid for them.AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash Flows???????
What will be an ideal response?