Determining the operating profit
A firm operated at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales, and sales were $1,000,000. Operating profit was:
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Determing ending inventory, cost of goods sold under FIFO, LIFO and Average. Which cost flow method results in lowest inventory amount for the balance sheet, and the lowest cost of goods sold for the income statement.
On June 8, Acme Co. Issued an $80,000, 6%, 120-day note payable to Still Co. What is the due date of the note? 4. On June 8, Acme Co. Issued an $80,000, 6%, 120-day note payable to Still Co. What is the maturity value of the note?
How can analysis tools help the finance or accounting arms of a company more so than mistakes? Can they manipulate or change their environment?
What is the cause of the difference between absorption costing net operating income and variable costing net operating income?
The income to be recognized each year is based on the proportion of costs incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contract at December 31, 2010, follow:
Maroon Corporation is considering deferred compensation plans for its executive employees over the age of 55. All of the employees use the cash method of accounting.
Freddy purchased a certificate of deposit for $20,000 on January 1,2010. The certificate's maturity value in two years (December 31,2011) is $22,050. yeilding 5% before-tax interest.
what is the total amount invest (total paid-in capital) by all stockholders as of May 9?
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