Business Accounting
Question Description
- Prepare journal entries relating to the transactions or events noted above
- Prepare a trial balance
- Prepare an income statement for the current year
- Prepare a balance sheet reflecting the current financial position of BCCL
- Comment of valuation of patents and the presence of artwork as they appear in the balance sheet, and make any recommendations you deem appropriate. (Limit: 300 words)
- Calculate the contribution margin per unit (Limit: 300 words)
- Calculate the break-even units
- Comment on BCCL’s operating leverage. Be sure to comment on how changing market or environmental conditions might impact upon their business. (Limit: 350 words)
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