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Cosmo Corporation is projecting a cash balance of $32,785 in its December 31, 2013, balance sheet. Cosmo schedule of expected collections from customers for the third quarter of 2013.
Caballero Manufacturing incurs unit costs of $15 ($10 variable and $5 fixed) in making a sub-assembly part for its finished product. A supplier offers to make 20,000 of the assembly part at $13.75 p
Stein Company had the following transactions pertaining to its short-term stock investments. Stein owns more than 20% of the Pine Company stock and has significant influence in decision-making.
In Flagg Company, net income is $280,000. If accounts receivable increased $145,000 and accounts payable decreased $50,000, net cash provided by operating activities using the indirect method is?
Bria Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of $980,000 at the end of the year. Net credit sales during the year amou
On December 31, there were 116 units remaining in ending inventory. These 116 units consisted of 20 from January, 22 from February, 24 from May, 22 from September and 28 from November. Using the sp
A company had inventory on November 1 of 6 units at a cost of $10 each. On November 2, they purchased 11 units at $11 each. On November 6, they purchased 7 units at $13 each.
In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number 2889 for December's utilities was correctly written and drawn for $19
On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $100,334; Allowance for Doubtful Accounts, credit balance of $1
Donner Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2013. The weighted average number of shares outstanding in 2013 was 50,000 shares.
Center Corporation reported net sales of $200,000, $350,000, and $550,000 in the years 2012, 2013, and 2014 respectively. If 2012 is the base year, what is the trend percentage for 2014?
Betty Meyer makes $40,000 per year as an exempt employee. She worked 25 hours of overtime in the month of March. Payday for wages earned in the month of March is April 7.
Corporation purchased a truck on June 1 2012 at a cost of $170,000. The truck had a useful life of 8 years with an estimated salvage value of $10,000. They use the straight-line depreciation method
Compute the direct materials price and quantity and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. Please show all work and computations.
If the cost of ZZ is allocated to the X and Y products on the basis of the number of gallons produced, how much of the total cost of the 400 drums should be charged to each product?
At the beginning of 2011, Robotics Inc. acquired a manufacturing facility for $12.7 million. $9.7 million of the purchase price was allocated to the building. Depreciation for 2011 and 2012.
Max and alexandra are married and incur 5500 of qualifying expenses to care for their two children, ages 2 and 5. max earned income is 35000 and alexandra earnings from a part-time job are 5000.
Preston Company requires a minimum return of 14% on all investments. The company can purchase a new machine at a cost of $80,000. The new machine would generate cash inflows of $15,000 per year an
For supply item ABC, Andrews Company has been ordering 125 units based on the recommendation of the salesperson who calls on the company monthly.
In an electronic catalog, an LCD flat screen television is listed as being 32 inches. This distance is the diagonal distance across the screen. If the screen measures 20 inches in height, what is th
A company reports pretax accounting income of $10 million, but because of a single temporary difference, taxable income is only $7 million. No temporary differences existed at the beginning of the
The interest at City Bank is 6%, and the interest at State Bank is 8%. How much should he invest in each bank to earn the most interest?
Alan invests some of his retirement savings in a fund earning 6% simple interest and invests twice as much in a fund earning 9% simple interest. If he earns $480 combined interest on the accounts, h
Describe what the term "data redundancy" means in database design. Explain if it is bad and if a normalized database design is always the best design. Discuss the pros and cons of a normalized da