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On March15,2011,Birkshire Energy obtained a nine-month working capital loan from the First National Bank of Oglesby. The face amount ofthe note signed by the treasurer was $300,000.
Compute the number of scientific calculators and the number of business calculators that must be sold to achieve a $444,000 after tax income. Assume a 40% tax rate.
Samos has to decide between the four payment plans, whichever one provides the smallest present value will be chosen. The effective interest rate during the future periods is 10%. Which option shoul
Big Howie's hot Dog Stand is a fast-food restaurant specializing in hot dogs and humburgers. The store employs 8 full-time and 12 part-time workers.
Calculate the appropriate free cash flow number (as of IFRS) for the years 2011, 2012. What mistakes is the analyst making?
The information below is taken from the December 31, 2014 adjusted trial balance of Rummer Company (all numbers are pre-tax):
If the same Ski co. sale dept could guarantee the annual sale of 12,000 pairs of either model, which model would the company produce and why?
On January 1, 2014 Hammer Company listed the following shareholders' equity section of its balance sheet:The company experienced an unrealized decrease in the value of its investment in available-for-
Acme in pruchased 50,000 shares of takedown enterprises on January 1,2000. The total purchase price was 4,300,000. Takemedown reported a net income of 1,800,000 for the year eneded 12/31/00.
Dee Brewery issued 35,000,000 of bonds on 7/1/00. The bonds have a term of 10 years with an 8% interest rate. Interest is payable annually. The market rate of interest on similar length of federal b
The Bondstreet Company sells medical supplies to hospitals, clinics, and doctors' offices. Harris & Carnahan uses an ERP system for all of its business processes.
Beta inc. had incurred overhead of $316,500 and had produced 20,500 units using 7,550 ($75,500) direct labor hours and materials costing $411,000.
During 2010, JAT Company purchased trading securities as a short-term investment. The costs of the securities and their market values on December 31, 2012, are listed below.
Fixed overhead cost is $24,000 per year. Fixed selling and administrative costs are $9,000 per year. Sweet Sue sold 35,000 boxes last year.
The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials quantity variance was $375 favorable.
Five hundred shares of stock were originally purchased for $30 per share and are being held as trading securities. The price increases to $36 per share on July 1 and then decreases to $28 on Decembe
What was the actual selling price of Quick Brick's bricks? If required, round your answer to two decimal places.$ per unit
Marksbury Company is recording a loss in value of its trading securities. The entry to record this change in value would include a credit to what account?
Cool Breeze Skis makes and sells specialty skis. On June 30, the company had 312 pairs of skis in finished-goods inventory. The company's policy is to maintain a ski inventory of 6 percent of the ne
If 600 shares of stock are purchased for $27 per share and are sold one year later for $24 per share, what is the net gain or loss on sale?
Temporary changes in the value of securities after purchase would not be recorded for which two types of securities?no words limits.
Elimination of Product C will make it possible to cut two persons from the administrative staff; their combined salaries total $3,000.
Birk Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.
Mateo Inc. had the following inventory situations to consider at January 31, its year-end.If the item should not be included in inventory, state in what account, if any, it should have been recorded.
Crystal Glassware Company has the following standards and flexible-budget data. Clothes under applied or overplayed overhead into cost of goods sold.