As applicable in your calculations, use the following method…

As applicable in your calculations, use the following methods for rounding purposes: do not round any required intermediate calculated values round final answers to the nearest whole dollar Picacho Party Planners (Picacho) offers small to medium-scale local event planning services, including day-of set-up, tear-down, and catering. Each event on average requires food for 100 attendees that Picacho can either make in-house or purchase from a third-party supplier at $7,500 per event. Current demand averages 50 events annually. If Picacho does not outsource food preparation, commercial kitchen space with all necessary equipment included will need to be leased costing $86,000 per year. A new chef and kitchen staff will also have to be hired, representing cumulative salaries and benefits of $220,000 per year. Additional incremental cost information to prepare meals to meet average event demand internally is as follows: Important: please do not use commas, spaces, $ signs, or any other punctuation in your answers. Express all numeric answers as positive values, regardless of calculations. Part III. Question 3: What would be the annual net incremental benefit to Picacho to select the option that is most advantageous to them (i.e. minimizes costs)?  _______

Thomas Corp issued 700 shares of no-par common stock for $7,…

Thomas Corp issued 700 shares of no-par common stock for $7,700. Which of the following journal entries would be made if the stock has a stated value of $2 per share? a.    Cash    7,700                      Common Stock                     7,700 b.    Cash    7,700                      Common Stock                                                       1,400                      Paid-in Capital in Excess of Par                     6,300 c.    Cash    7,700                      Common Stock                                                                            1,400                      Paid-in Capital in Excess of Stated Value                     6,300 d.    Common Stock    7,700                      Cash                         7,700

As applicable in your calculations, use the following method…

As applicable in your calculations, use the following methods for rounding purposes: (i) do not round any required intermediate calculated values(ii) round final answers to the nearest whole dollar Campbell Cisterns manufactures small dwelling rainwater capture tanks. Campbell uses actual costing and started operating two years ago, producing 48,000 tanks and selling 40,000 tanks in Year 1, and producing 30,000 tanks and selling 38,000 tanks in Year 2. The selling price of one tank is $140. Below is additional information related to Campbell’s first two years of operations: Important: please do not use commas, spaces, $ signs, or any other punctuation in your answers. Express all numeric answers as positive values, regardless of calculations.  Part II. Question 2: What is Campbell’s total cost of goods sold in Year 2 under the variable method? _______ Part II. Question 3: What is the contribution margin in Year 2? _______ Part II. Question 4: What is the total fixed manufacturing portion of cost of goods sold in Year 2 under the absorption method? _______ Part II. Question 5: By how much does Campbell’s net operating income or loss differ in Year 2 between the variable and absorption methods? (Reminder: regardless of calculated result, enter amount of difference as a positive value) _______