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a. What is the budgeted tuition revenue for the upcoming academic year ? b. How many faculty members will be needed to teach classes in the upcoming year ?
Seether Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon bonds on the market that sell for $930, make semiannual payments, and
A check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. What entry is required in the company's accounts?
What ($ in 000s) was shareholders' equity as of December 31, 2009?
what is the total amount invest (total paid-in capital) by all stockholders as of May 9?
Freddy purchased a certificate of deposit for $20,000 on January 1,2010. The certificate's maturity value in two years (December 31,2011) is $22,050. yeilding 5% before-tax interest.
Maroon Corporation is considering deferred compensation plans for its executive employees over the age of 55. All of the employees use the cash method of accounting.
The income to be recognized each year is based on the proportion of costs incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contra
A firm operated at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales, and sales were $1,000,000. Operating profit was:
What is the cause of the difference between absorption costing net operating income and variable costing net operating income?
How can analysis tools help the finance or accounting arms of a company more so than mistakes? Can they manipulate or change their environment?
On June 8, Acme Co. Issued an $80,000, 6%, 120-day note payable to Still Co. What is the due date of the note? 4. On June 8, Acme Co. Issued an $80,000, 6%, 120-day note payable to Still Co. What is
Determing ending inventory, cost of goods sold under FIFO, LIFO and Average. Which cost flow method results in lowest inventory amount for the balance sheet, and the lowest cost of goods sold for th
A company has net sales of $410,000 and average accounts receivable of $82,000. What is its accounts receivable turnover for the period?
Compute diluted earnings per share for 2010 using the same facts as those assumed for part (a), except that $1,000,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 pr
Select a for-profit organization of interest, research an unusual or conflicting accounting principle that has impacted the chosen organization. Research will require to present, review and analyze
Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor. Should any of the overhead costs at year-end be added to Job W? If so, how much?
The stock warrants will expire on December 31, 2008. Select the total value that Chase Corp should use to record the detachable warrants issued on March 1, 2006.
A U.S. firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is th
Harmon Production Company applies overhead to jobs. Which of the following is one effect of the application of overhead?
Prepare the journal entry on August 15, 2010, for Gringo to record the sale of receivables, assuming the recourse obligation has a fair value of $3,000.
Larsen Corporation reported $100,000 in revenues in its 2010 financial statements, of which $44,000 will not be included in the tax return until 2011. The enacted tax rate is 40% for 2010 and 35% fo
What is generalized audit software? What are the tasks for which auditors would use it? What are the advantages and disadvantages of using generalized audit software? (200 words)
Is it probable that the use of information technology will eventually eliminate the audit trail, making it impossible to trace individual transactions from their origin to the summary total on the f
While preparing Bank Reconciliation Statements will you add or deduct the following to or from the Cash Book overdraft balance?