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What are cash equivalents, and why are they included with cash on the balance sheet? How are cash equivalents different from short-term investments?
Manusco Corporation amended its pension plan on January 1, 2012 and granted $160,000 of prior service cost to its employees. The employees are expected to provide 2,000 service years in the future
compute pension expense for the year 2012. Prepare the journal entries to record pension expense and the employer's contribution to the pension plan in 2012
The existing frame has no value on the second hand market. The operating and maintenance costs for this frame have remained constant, and will remain constant, at $6500.00 per year.
McCauley Bagpipes produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sales of 350 units with a contribution margin of $50 each.
Find a journal article online about just-in-time inventory systems. In the subject line of your post, include the title of the article that you read. Post a link to that article with your initial po
Joan, 45 years old and unmarried, contributed $1,200 monthly in 2011 to the support of her parents' household. The parents lived in an apartment rented by Joan and their income for 2011 consisted of
A major difference between the Financial Accounting Standards Board (FASB) and its predecessor, the Accounting Principles Board (APB), is?
For each item following, determine the differential amount in Maria's alternatives. For example, the incremental cost of tuition is $16,000 if Maria chooses to pursue the master's degree.
Summerdahl Resort's common stock is currently trading at $36 a share. The stock is expected to pay a dividend of $3.00 a share at the end of the year (D1 = $3.00), and the dividend is expected to
Crigui could avoid $4,000 in fixed overhead costs if it acquires the CDs externally. If cost minimization is the major consideration and the company would prefer to buy the 60,000 units externally,
Mallcentral sells 1,000,000 hardcover books a day at an average price of $30. Assume that Mallcentral's purchase price for the books is 75% of the selling price it charges retail customers.
Ruth Company could avoid $3,000 in fixed overhead costs if it acquires the components externally. If cost minimization is the major consideration and the company would prefer to buy the components,
The company has 2,000 hours of labor available to build inventory in anticipation of the company's peak season. Management is trying to decide which product should be produced. The direct labor hour
Sunshine Co.'s bookkeeper recorded a check as $693 on the books instead of the correct amount of $963 which appeared on the bank statement.
Utease Corporation has many production plants across the midwestern United States. A newly opened plant, the Bellingham plant, produces and sells one product.
S-Pod's contribution margin is $15 per unit for Product A and $18 for Product B. Product A requires 2 machine hours and Product B requires 4 machine hours. How much is the contribution margin per un
Dempster Company reported the following results from the sale of 5,000 units in May: sales $300,000, variable costs $180,000, fixed costs $90,000, and net income $30,000. Assume that Dempster incr
Gross Income. Susan's salary is $44,000 and she received dividends of $600. She received a statement from SJ partnership indicating that her share of the partnership's income was $4,000.
On July 23 of the current year, Dakota Mining Co. pays $4,836,000 for land estimated to contain 7,800,000 tons of recoverable ore. It installs machinery costing $390,000.
ABC Corp produces alphabet flash cards for grammar schools. They forecast that they will need to produce 90,000 sets of cards for the 2006-2007 school year. They budget they following costs for each
Regarding theatrical films, MGM states â Our feature films are exploited through a series of sequential domestic and international distribution channels, typically beginning
Prepare a projected CVP income statement for 2014 (a) assuming the changes have not been made, and (b) assuming that changes are made as described.
Stowers Research issues bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds have a $28,000 par value and an annual contract rate of 8%.
The following information relates to Vice Versa Ventures for calendar year 20XX, the company's first year of operations: