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Dividend Yield The market price for Macro Corporation closed at $33.07 and $47.93 on December 31, 2008, and 2009, respectively. The dividends per share were $0.42 for 2008 and $0.58 for 2009.
Accrued $576 interest on Elkin City bonds. Dec. 31 Accrued $620 interest on Morgan Co. bonds. 2013 Mar. 1 Received semiannual interest on the Elkin City bonds. June 1 Received semiannual interest on
What is the product cost for the expansion product?By adding this new expansion product, it helps to absorb the fixed factory and sales expenses. How much cheaper does this expansion make the existi
Journalize the entries to record the following selected bond investment transactions for Olson Products: a. Purchased for cash $72,000 of Hart Industries 8% bonds at 100 plus accrued interest of $96
Record the credit sale of 2,000 units from job no. 321 at a unit sales price of $5. Record in a separate entry the related cost of goods sold. Prepare general journal entries to the above statements
Urquhart Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated
What common-sized financial statements tell you that you couldn't learn from the financial statements themselves? Be specific.
What financial ratios would you use to measure the ability of a company to pay its liabilities? What would each of the ratios that you identified tell you? Be specific.
What sections of a balance sheet are related to each of the sections of a cash flow statement? For example, where would changes in current assets appear on a cash flow statement?
Some people argue that a stock dividend is a way of appearing to give something of value to stockholders when in fact all they receive is a worthless piece of paper.
When should a company disclose extraordinary items on their income statement? Why do you think that this disclosure is made after income from operations on the income statement?
Classify each of the costs for Pop's December operations using the table format given below. Be sure to total the amounts in each column. If no entry is required, leave it blank.
Prepare the December 31 journal entry to close Income Summary assuming they agree to use plan (c) and that net income is $104,500. Also close the withdrawals accounts.
Income Tax Withholding Dale $ 105,300 $ 2,000 $ 252 Ted 36,650 900 99 Kate 6,750 450 54 Chas 1,050 400 36 In addition to gross pay, the company must pay one-half of the $32 per employee weekly healt
Determine the initial valuation of each asset, assuming that immediately after acquisition, Semtech demolished the building. Demolition costs were $260,000 and the salvaged materials were sold for $
Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method? a. dividends declared and paid b. a loss on the sale of e
Jetson Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2012 activities.
Jetson Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2012 activities, the production m
Blue Suede Construction Corp used the percentage-of-completion method of revenue recognition. They were contracted to build the new amphitheater for $4500000.
Revenue should be recognized at the time of sale if goods were purchased with a credit card payment the buyer has sixty days to return the goods and the amount of future returns cannot be estimated
Prepare a forecasted contribution margin income statement for 2012 that shows the expected results with the machine installed. Assume that the unit sales price and the number of units sold (20,900 u
The commercials were for clothes, food, and toys. At the .05 significance level is there a difference in the mean attention span of the children for the various commercials? Are there significant d
The loan will allow you to paid $300 in interest for three months and a final payment of interest and principal at the end of the four month.
How much of your first payment will be applied towards the principal of the loan? (Points : 3) $5,000 $4,372 $4,790 zero, all will be applied towards the interest.
Sales in units 300,000 selling price $9 direct materais 150,000 direct labor 325,000 manufacturing overhead 215,000 selling expense 437,000 adminstrative expense 854,000 Last year, beginning and end