ACCT 2401

This is a comprehensive and detailed judgement/assignment for Acct 2401 with focus on Advantages and disadvantages of the types of businesses. U'll need it!! N.B; If this doc helped you to ace you test or exam, or if it helped you in any way, please feel free to drop a review. it means a lot. Thank you.

ACCT 2401 CHAPTER 1 PRACTICE TEST.Chapter 1 110. Businesses can take the following form(s): A) Sole Proprietorship B) Common stock C) Partnership D) A and C only E) All of the above 111. A corporation: A) Is a legal entity separate and distinct from its owners. B) Is controlled by the FASB. C) Has shareholders who have unlimited liability for the acts for the acts of the corporation. D) Is the same as a limited liability partnership. E) All of the above. 112. The rules adopted ...

ACCT 2401 TEST PREP CHAPTERS 5 AND 10Chapters 5 & 10 Test Prep For Questions 1-3 use the following data: Pringle Company sells a single product. The company’s sales and expenses are as follows: Sales $600,000 $40 Less variable expenses 420,000 28 Contribution margin 180,000 12 Less fixed expenses 150,000 Net Income $ 30,000 1. What is the break-even in units sold and in dollars? 2. Without computations, what is the total contribution margin at breakeven? 3. How many u...