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Consolidated cost of goods sold for 2009 was $2,140,000. How would consolidated cost of goods sold have differed if the inventory transfers had been for the same amount and cost, but from Kindall to
Micron owns 3,000 shares of JVT. JVT has 25,000 total shares of stock outstanding. JVT paid $3 per share in cash dividends to its stockholders. Micron should record a:
Tessari, Ltd. is a calendar-year corporation. Its financial statements for the years 2011 and 2010 contained errors as follows:2011 2010 Ending inventory $4,000 overstated $7,000 overstated Amortiza
Even though a balanced scorecard is a vital tool for organizations, you do not consider the financial area relevant for your two clients. Is this a fair assessment? Does the type of organization aff
There were no changes in actuarial estimates and assumptions regarding the PBO. What is the 2011 service cost for Havana's plan?
If a publicily traded company is trying to maximize its percieved value to decision makers external to the corporation, the company is most likely to understate which of the following on its balance
The financial statements of Hudson Manufacturing Company report net sales of $400,000 and accounts receivable of $50,000 and $30,000 at the beginning and end of the year, respectively. What is the r
The number of units that must be sold to achieve £60,000 of operating income is (Calculation needed):
in May the store had nine part-timers at 15 hours per week (assumefour weeks in each month). Using sales dollars as the measure of output, what is the percentage change in productivity from April to
Logan corporation issue $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective
For the year ended December 31, 2007, May's bad debt expense would be:
She asked Jeremy Slater, controller for cpa-buster, to help develop problems to help screen applicants before they are interviewed. One of the problems Jeremy developed is based on the following dat
Brick Company's direct labor is 30% of it's conversion cost. If the direct materials cost last week was $52,500 and the manufacturing overhead cost was $21,000, compute the cost of direct labor for
Estimate the cost of the receivables loan to Johnson when the firm borrows the $300,000. The prime rate is currently 11 percent.
Masters and Co. is organized as a partnership. Daniel Whitman, a partner in Masters and Co., had a capital account at the beginning of the year of $50,000. During the year Daniel's share of partner
Assuming a 360-day year, calculate what the average investment in inventory would be for a firm, given the following information in each case.
Karma Company has total assets of $190,000 and total liabilities of $90,000. what the company's debt-to-equity ratio is closest to:
Interest payments are made to bondholders once a year. Currently, bonds of this particular risk class are yielding investors 9 percent. A cash shortage has forced you to instruct your treasurer to
Last year Javer Company had a net income of $200,000, income tax expense of $74,000, and interest expense of $20,000. what the company's times interest earned was closest to:
The additional amount serves as security for damages to the property and the tenant's failure to pay future rents. How should the payments be characterized (e.g. on lease documents) to minimize Rach
Granger Company had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. what the company's average
Frantic Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. what the company's accounts
Eral Company has $17,000 in cash, $3,000 in marketable securities, $36,000 in current receivables, $24,000 in inventories, and $45,000 in current liabilities. what the company's acid-test (quick) ra
The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, what the company's inventory turnover ratio for the year was closest to:
The following account balances have been provided for the end of the most recent year: what the book value per share of common stock is: