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ABC's accountants forecast that buying bindings from Livingston will allow company to avoid $1,800 of fixed overhead. Make analysis to illustrate whether ABC must make or buy bindings.
Find out eight variances. Materials: VP=(AP-SP)AQ-(actual price-standard price)*actual quantity.
Compute Gross profits of costs of goods sold, and selling price MBI Inc., had sales of= $141.6 million for fiscal 2009.
Compute basic EPS, Ringemup, Inc. had net income of= $473,400 for its fiscal year ended October 31, 2009.
Suppose that accounting year of Block Company ends on December. Journalize given transactions.
Essay Petra industries have fiscal year (FYE) of May 31. Make adjusting entries for 2008 (FYE) based on data given below.
Calculate cost of goods sold and ending inventory for each of given methods.
Provide value of new machinery, and write financial statement in which it will be shown at fiscal year.
Determine the firm's profit margin and equity multiplier?
Sunshine Corp has debt of= $2,834,950, total assets of= $5,178,235, sales of= $8,234,121, and net income of= $812,355. Determine firm's return on equity?
ABC, Inc., has ROE of 18.7%, equity multiplier of 2.53, sales of $2.75 million, and total assets turnover of 2.7 times. Determine firm's net income?
Firm also has present liabilities worth $65,314, long-term debt of $178,334, and common stock of $162,000. How much retained earnings do firm have?
Firm has long-term debt of= $76,445, common stock of= $200,000, and retained earnings of= $134,461. Determine the amount of current liabilities does this firm have?
Depreciation of $131,335, and interest expense of= $81,112. It pays marginal tax rate of 34%. Compute firm's net income after taxes?
Depreciation and amortization expense was equal to= $1,241,790. Company's tax rate is= 34%. Compute the amount of interest expense for firm?
Prepare journal entry essential on Plitt's books to record factoring of accounts.
Give journal entry to record issuance of bond. Give journal entry to record the conversion of bonds assuming.
Post October journal entries to T-Accounts given and calculate ending balances.
Post adjusting entries to General Ledger T-accounts and calculate adjusted balances.
In its first month of operation, Rawls Repair Corporation, that specializes in bicycle repairs. Make the Adjusted Trial Balance.
Make Income Statement, Statement of Retained Earning and Balance Sheet.
Post closing entries to General Ledger T-accounts and calculate ending balances.
In its first month of operation, Rawls Repair Corporation, that specializes in bicycle repairs. Make post-closing trial balance as of October 31.
Payments for inventory are 70% in month following purchase and 30% two months following purchase. Calculate cash collections for December.
Make Smart Toys income statement performance report for 2009, comprising both flexible budget variances and sales volume variances.