P Company acquired 54,000 shares of the common stock of S Company on January 1, 2016, for $950,000 cash. The stockholders' equity section of S Company's balance sheet on that date was as follows: Common stock, $10 par value $ 600,000 Other contributed capital 80,000 Retained earnings 320,000 Total $1,000,000 On the date of acquisition, S Company owed P Company $10,000 on open account. Present, in general journal form, the elimination entries for the preparation of a consolidated balance sheet workpaper on January 1, 2016. The difference between the value implied by the purchase price of the investment and the book value of the net assets acquired relates to subsidiary land.

Aceramics manufacturer sold cups last year for $7.50 each. variable costs of manufacturing were $2.25 per unit. the company needed to sell 20,000 cups to break even. net income was $5,040. this year, the company expects the price per cup to be $9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. how many cups (rounded) does the company need to sell this year to break even?

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† your mansion has 150 light fittings and 3000 sq ft of uninsulated exterior wall. to impress your friends, you would like to spend as much as possible, but save no more than $750 per year in energy costs (you are proud of your large utility bills). how many compact fluorescent light bulbs and how many square feet of insulation should you purchase? how much will you save in energy costs per year? (if an answer does not exist, enter dne.)