Which of the potential cause of a rise
in 2009, Werther Co. reported a current ratio of 3.75 and in 2008 it was 3.10. Which of the potential cause of a rise in this ratio?
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Gammell, Inc. reported net income of $40,000 for 2009. The income tax return excluded an expense item of $3,000 (reported on the income statement) because under the tax laws the $3,000.
Assume 85% of passengers show up, 15% will not. Airline booked 11 people for 10 seats. 1) find probability there are enough seats for the passengers who show up.
Gammell issued $50,000 bonds payable, 9% annual interest, maturity in ten years. The bonds were issued at $52,000. Gammell uses straight-line amortization. The amount of interest expense each full year would be?
The balance sheet of Werther Company showed the following data about its common stock, par $1: authorized shares, 10,000,000; oustsanding shares, 4,300,000; and issued shares 7,700,000. Therefore, the number of treasure stock shares was?
Return on sales for Long Pond is lower in 2008 than in 2007. What expense or expenses are causing this lower profitability?
Barry, Dan, and Edith together form a new corporation; Barry and Dan each contribute property in exchange for stock. Within 2 weeks after the formation, the corporation issues additional stock to Edith in exchange for property.
Material, labor and overhead are used to calculate the standard cost. What are some actions a company can take to lower the standard cost?
Company ABC was formed on January 1, 2009 by selling and issuing 25,000 shares of $12 par value common stock at $15 per share. On December 1, 2010, the company declared a cash dividend of $2 per share which will be paid in cash on January.
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