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Michael Company issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, after the bond interest was paid and after 40%?
Using the following ,calculate inventory turnover ratio ,the average days in inventory ,and the gross profit for the Howard co. for the year ending Dec 31,2011 (round to two decimal points).
The following information pertains to item#AB345 of inventory of ABC EDU Sysyrems ,INc. cost $45 per unit replacement cost $46 per unit Selling price $52 per unit the physical inv.
Due to the drastic drop in the Las Vegas real estate market, the condominium's market value is $400,000 and they will not to be able rent it.
Assume the West region invests $30,000 in a new advertising campaign in Year 2 that increases its unit sales by 20%. If all else remains constant, what would be the profit impact of pursuing the adv
Snake creek company has a trusted employee who as the owner said, "handles all of the book keeping and paper work for the company." This employee is responsible for counting.
The contribution margin ratio of Thronson Corporation's only product is 69%. The company's monthly fixed expense is $455,400 and the company's monthly target profit is $41,400.Determine the dollar
The Jefferson Electronic Integration Products Corporation produces and markets two types of hardware systems: Model BBC and Model FVC.
Determine for the current year the rate earned on total assets, rate earned on stockholders' equity, rate earned on common stockholders' equity, earnings per share on common stock
Locker rental Corp. (LRC) Operates locker rental services at several locations throughout the city including the airport, bus depot, shopping malls and athletic facilities.
During the year the hotel expects to rent 30,000 rooms. Rooms rent for an average of $90 per night. The hotel expects to sell 40,000 meals during the year at an average price of $20 per meal.
Gallant Company reported net income of $2,500,000. The income statement included one extraordinary item: a $500,000 gain from condemnation of land and a $200,000 loss on discontinued operations.
Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) differ significantly on the acceptability of certain inventory valuation methods.
The Peg Corporation (TPC) issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, 2009. The stated interest rate was payable at the end of each year
Design a chart of accounts for S. Dilley & Company. Explain how you structured the chart of accounts to meet the company's needs and operating characteristics.
Inman Manufacturing Company makes a product that it sells for $60 per unit. The company incurs variable manufacturing costs of $24 per unit. Variable selling expenses are $12 per unit.
Explain why unlimited liability is an advantages of a corporation. What are some other advantages and disadvantages of the corporate form of business?
Use the following information for First Corp. complete the statement of Cash Flows (indirect method) for the year ended December 31, 2009. Clearly label each item as cash inflow or (cash outflow).
Give the entries necessary to record the valuations for both trading and available for sale securities at Dec 31, 2007 and 2008
Hoen Manufacturing Company experienced the following accounting events during its first year of operation. With the exception of the adjusting entries for depreciation, all transactions are cash tra
Joan Corp sold office equipment on January 1,2009 for a cash price of $430,000. The equipment had a cost of $500,000 and accumulated depreciation of $180,000.
A factory machine was purchased for $60,000 on January 1, 2010. It was estimated that it would have a $12,000 salvage value at the end of its 5-year useful life.
Webster Training Services (WTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients' offices on the clients'.
Falcon Co. produces a single product. Its normal selling price is $30.00 per unit. The variable costs are $19.00 per unit. Fixed costs are $25,000 for a normal production run of 5,000 units per mont
Computer equipment built one year ago at a cost of $16,000. The equipment has a $50,000 FMV on the contribution date. Blue is not in the business of manufacturing computer equipment.