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amounts incurred during the current month totaled $900,000. If conversion is incurred uniformly throughout manufacturing, what is the Flagston's equivalent-unit cost?
Assuming an income tax rate of 40% for all years, the affect of this accounting change on prior periods should be reported by a credit of what?
Prepare a one-page memorandum to your supervisor outlining your presentation to the marketing staff.
The applicable tax rate is 37%. There are no other temporary or permanent differences.
For the fiscal year,sales were $5,280,000,sales discounts were $100,000, sales returns and allowances were $75,000 and the cost of the merchandise sold was $3,000,000.
During the current year merchandise is sold for $795,000.the cost of the merchandise sold is $477,000.
On February 17, Asher Corporation acquired 3,000 shares of the 100,000 outstanding shares of Dan Co. common stock at $28.90 plus commission charges of $300. On July 11, a cash dividend of $0.95 per
Cash dividends of $85,000 were declared during the year. Cash dividends payable were $10,000 and $15,000 at the beginning and end of the year, respectively. what is the amount of cash for the paymen
ED Products Corp. chooses to process the butter further into spreadable butter by mixing it with canola oil, incurring an additional cost of $1.60 per pound. This process results in two tubs of spre
In January, 1994, Harold Black bought 100 shares of Country Homes for $37.50 per share. He sold them in January, 2004 for a total of $9,715.02. Calculate Harold's annual rate of return.
The startup division made 80% of 1/2 of the established division. The startup division's growth was 1/3 greater than the established division's. If the divisions made 280,000 combined, how much did
The present value of $1 at 10% for three periods is 0.75. What amount of interest revenue should be included in Abel's 2011 income statement?
In the month of jan the following purchases were made by a business house having 3 departments.The rate of gross profit is the same in each case. prepare departmental trading accounts.
Compute the profit margin ratio and gross profit rate. Caltor Company's assets at the beginning of the year were $770,000 ,and were $830,000 at the end of the year. To qualify for full credit, you m
What was your forecast error? If this error is large, Mrs. Payne may be puzzled about the difference between your forecast and the actual sales value. What can you do to resolve her uncertainty in t
At the begining of 2009, Emily corporation issued 14000 shares of $100 par, 4% cumulative, preferred stock for $110 per share. no dividends have been paid to preferred share holders. what amount of
Your sister turned 25 today, and she is planning to save $7,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to pr
Indicate the amount(s) reported on the balance sheet and income statement related to the debt and swap on December 31, 2011.
Compute the retained earnings on December 31, 2008, and 2009.
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,0
Selected financial statement information and additional data for XYZ Co. is presented below. Prepare a Statement of Cash Flows:
In its income statement for the year, what amount should Strand report as total infrequent losses that are not considered extraordinary?
In Xan's Year 2 statement of cash flows, what should be the net cash used in financing activities ?
JIM decided to change to the sum-of-the-years'-digits method. JIM can justify the change. What should the depreciation expense be on this machine for the year ended December 31, Year 3?
If no change in actuarial estimates occurred during Year 1, what was Seda's PBO at December 31, Year 1 ?