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sherlys shipping had sales last year of 10000 the cosr of goods sold was 6500 general and administrative expenses were 1000 interest expenses were
a firms income statement include the following data the firms average tax rate was 20cost of goods
candy canes inc spends 100000 to buy sigar and peppermint in april it produces its candy and sells it to distributors in may for 150000 but it does
the fells point companys plant asset and accumulated depreciation accounts had the following balances on december 31 2008categoryplant asset
on january 1 2008 the jonathan company began construction of a new building to be used as its office headquarters the building was completed and
financial statements here are the 2008 and 2009 incomplete balance sheets for nobel oli corpnobel oil corpbalance sheet as of end of
mega corporation reported the following year end information for 2008sales 100000250000less cost of goods sold150000gross profit100000operating
alpha corp manufactures video games that it sells for 36 eachnbsp the following data is available for the months of october and
garden house operates a commercial plant where it propagates plants for garden centers throughout the region garden house has 5000000 in assets its
maui juda sunglasses sell for about 154 per pairnbsp suppose the company incurs the following average costs per pairdirect materials38direct
x-perience manufacturers snowboardsnbsp its cost of making 1700 bindings is as followsdirect materials17600direct labor3100variable overhead2080fixed
headsmart manufactures headphone casesnbsp during september 2011 the company produced 106000 cases and recorded the following cost datastandard
calculate gross profits of costs of goods sold and selling price mbi inc had sales of 1416 million for fiscal 2009 the companys gross profit ratio
calculate basic eps ringemup inc had net income of 473400 for its fiscal year ended october 31 2009 during the year the company had outstanding 38000
block company issued a 20000 10 year bond on 712008 when the market rate was 65 assume that the accounting year of block company ends on december
essay petra industries have a fiscal year fye of may 31 prepare the adjusting entries for the 2008 fye based on the following dataanbspthe balance in
credit card company had the following inventory data for the current monthbeg inventory 10 units 50 5001st purchase 30 units 60 18002nd
abc inc purchased new machinery in order to improve its production process classify each of the following expenditures incurred last year as a
q1 saunders inc has a roe of 187 percent an equity multiplier of 253 sales of 275 million and a total assets turnover of 27 times what is the firms
1nbspmaddux inc has completed its fiscal year and reported the following information the company had current assets of 153413 net fixed assets of
q1nbsptumbling haven a gymnastic equipment manufacturer provided the following information to its accountants the company had current assets of
q1centennial brewery produced revenues of 1145227 in 2008 it has expenses excluding depreciation of 812640 depreciation of 131335 and interest
on july 23 plitt company factored 300000 in accounts receivable for cash of 280000 the factor with held 7 percent of the cash proceeds to allow for
on january 2 2007 picard enterprises issued 2400000 of 8 percent 15 year semi-annual coupon bonds to yield 75 percentnbsp each bond is convertible
during its first month of operation the rawls repair corporation which specializes in bicycle repairs completed the following transactionsoct 1began