Knowing the number of units necessary to break even is important in setting the price.
Answer the following statement true (T) or false (F)
True
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In a(n) ______________________________ accounts receivable system, the customer statement displays invoices (new or settled in the current period), along with payment details
Fill in the blank(s) with correct word
Carnes has the following account balances as of December 31, 2017 before an acquisition transaction takes place. Inventory$100,000Land400,000Buildings (net)500,000Common stock ($10 par)600,000Additional paid-in capital200,000Retained earnings200,000Revenues450,000Expenses250,000??The fair value of Carnes' Land and Buildings are $650,000 and $550,000, respectively. On December 31, 2017, Riley Company issues 30,000 shares of its $10 par value ($25 fair value) common stock in exchange for all of the shares of Carnes' common stock. Riley paid $10,000 for costs to issue the new shares of stock. Before the acquisition, Riley has $700,000 in its common stock account and $300,000 in its additional paid-in capital account.?What will be the consolidated additional paid-in capital as a result
of this acquisition? A. $440,000. B. $750,000. C. $950,000. D. $740,000. E. $940,000.
McGraw Inc manufactures 12,000 units of a part used in its production to manufacture guitars. The annual production activities related to this part are as follows: Direct materials $24,000 Direct labor 60,000 Variable overhead 54,000 Fixed overhead 84,000 Hill Inc has offered to sell 12,000 units of the same part to McGraw for $22 per unit. If McGraw were to accept the offer, some of the
facilities presently used to manufacture the part could be rented to a third party at an annual rental of $18,000. Moreover, $4 per unit of the fixed overhead applied to the part would be totally eliminated. In the decision to make or buy the part, what is the relevant fixed overhead for McGraw Inc? A) $30,000 B) $54,000 C) $84,000 D) $48,000
Because of custom, some compound words include ______________ or space between words
a. a symbol b. a tab c. a hyphen d. a dash