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Last year, Gransky Corporation's variable costing net operating income was $52,100 and its ending inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the ab
sears collected $57000 from the issuance of bonds with a face value of $50000. A portion of the cash receivable, $2000 was accrued interest. give the journal entry made on sears book to account the
By automating the process, the company would save $108,000 per year in cash operating costs. what is the simple rate of return on the investment ?
Sue Co. has a probable loss that can only be reasonably estimated within a range of outcomes. No single amount within the range is a better estimate than any other amount. The loss accrual should be
Rhianna and Jay are married filing jointly in 2009. They have six children for whom they may claim the child tax credit. Their AGI was $123,440. What amount of child tax credit may they claim on the
Hawkeye Cleaners has been considering the purchase of an industrial dry-cleaning machine. The existing machine is operable for three more years and will have a zero disposal price.
Assume a project that has the following returns for years 1 to 5: 15%, 4%, -13%, 34%, and 17%. What is the approximate expected return of this investment?
Your goal is to create a two-security portfolio that will have an expected return of 12%. If you have $250,000 to invest today, approximately how much would you invest in Stock A?
Suppose the government decides to increase taxes by $30 billion in order to increase SocialSecurity benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at
Alex also informs you that, under the current scheme, 70% of the firm's total overhead is allocated to his product. a. Computer the firm's total overhead cost and the overhead rate.
Kern Company purchased bonds with a face amount of $400,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three month
Which of the following transactions will not result in termination of a partnership for federal tax purposes?
If conversion is incurred uniformly throughout manufacturing, what is Strawberry's equivalent unit cost ?
Merchandise subject to terms 1/10 n/30, FOB shipping point, is sold on account to a customer for $18,000. The seller paid transportation cost pf $1000 and issued a credit memorandum for $5,000 prior
A loss contingency that is remote and cannot be reasonably estimated:
Reporting in the body of the financial statements is required for:
Intangible assets may be internally generated or purchased from another party. In either case, the cost that should be included in the initial valuation of the asset is an issue.
St. Louis, deductible meals and lodging would have been $600. How much, if any, may Rachel deduct as to each weekend?
Shumway Company is making plans for the introduction of a new product that it will sell for $10 per unit. The following estimates have been made for manufacturing costs assuming 100,000 units will b
Karen had the following transactions for 2010: What is Karen's AGI for 2010?
if the liabilities. (barry basis 40,000 and fmv 85,000. how much gain or loss must barry recognize, and how is it characterized. Account receivable fmv 90,000 three partners
In computing the noncontrolling interest's share of consolidated net income, how should the sub-sidiary's income be adjusted for intercompany transfers?
What should be the allocation of this property's costs in the company's accounting records?
The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $80,000 of the bonds as a long-term investment.
the materials quantity variance was $375 favorable. Each unit uses 1 pound of materials. How many units were actually produced?