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Global.Com has cash of $75,000; short-term notes payable of $100,000; accounts receivables of $275,000; accounts payable of $135,000: inventories of $350,000; and accrued expenses of $75,000. What
Clark, a 12-year-old child, lives with his parents. During the current year, Clark earned $2,400 delivering newspapers. This was his only income.
Healthy Snacks Inc. buys desserts from a caterer at $16.00 per unit and sells them at coffee shops. They have been thinking about buying an oven so they can make the desserts themselves.
Using standard costing what is labor rate variance? Actual cost of direct material purchased and used: $115,010.
Sandstrom Corporation has an extraordinary loss of $150,000, an unusual gain of $105,000, and a tax rate of 40%. At what amount should Sandstrom report each item?
The following define-benefit pension data of doreen Corp. apply to the year 2008. projected benefit obligation, Jan. 1,2008 before amendment.
How does the rate earned on total assets differ from the rate earned on stockholders' equity? Which ratio is normally higher? Explain.
The following information is available for August 2010: Sales Value at Split-Off Cost after Final Selling Product Gallons per Gallon Split-Off Price JP-4539 4,500 $14 $4 $24 JP-4587 18,000 8 5 15 JP
The current year's amount of net income is 20% larger than that of the preceding year. Does this indicate an improved operating performance? Discuss.
Jordan paid $30,000 for equipment two years ago and has claimed total depreciation deductions of $15,600 for the two years. The cost of repairs during the same time period was $2,000 while a major o
For the most recent accounting year, a company reported the following operating and cash activities: Investments in other companies (8,628) Increase in inventories (2,685) Depreciation and amortizat
List the challenges that a major accounting firm faces when it establishes its first practice office in a foriegn country. Identify the key factors that accounting firms should consider when decidi
Richard exchanges a building with a FMV of $75,000, a basis of $35,000, and subject to a liability of $25,000 for land with a FMV of $50,000 owned by Bill. What is the amount of Richard's realized
The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year.
A static budget should be compared to actual costs to assess how well costs were controlled should be compared to a flexible budget to assess how well costs were controlled is valid for only one le
On March 6, Sargento Cheese Co. leased a copier from Copiers "R" Us. The term of the lease was 3 yrs, equal payments with the first payment due March 6, 2013. Sargento's normal borrowing rate is 8%.
How much should you pay in ten equal annual end of year payments, starting two years from now, in order to repay a $30,000 loan you receive today. The interest rate is 6% per year?
Journalize the adjusting entries to be made by Videosoft Company at July 31. Assume that the interest on the note has been accrued.
Did the Sunbeam corporation "take a big bath " by taking a large deduction for prepaid expenses in 1996? How were accruals used to achieve Sunbeam Corporation management's goals?
Genetech had $2,000,000 in assets and has decided to finance 30 percent with long term financing(13% rate ) and 70 percent with short term financing . What will be their annual interest costs?
The Sewing Department started and finished 120,000 units this period.Its ending inventory consists of 40,000 units . All direct materials are added at the beginning of the process.
BKF.com provides banks access to sophisticated financial information and analysis via the web, enabling them to instantly evaluate both personal and commercial loan applications.
Determine Randolph's weighted average contribution margin and weighted average contribution margin ratio. Weighted Avg CM $ per unit Weighted Avg CM ratio %?