Explain how campbell soup company can have net income
Explain how Campbell Soup Company can have net income of $401.5 million , but generate $805.2 million in cash from operations in Year 11. Illustrate our explanation by reference to the major reconciling items?
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XYZ Corporation bonds pay a coupon rate of interest of 12 percent annually and have a maturity value of $ 1000. The bonds are scheduled to mature at the end of 14 years.
Which of the following costs would be classified as variable and which would be classified as fixed, if units produced is the activity base?Direct materials costs b. Direct labor costs c. Electricity costs of $0.35 per kilowatt-hour?
Auditors found out that Campbell was delaying payments to creditors at year end and selling inventories as huge discounts in order to improve cash flows. Please highlight the ethical issues involved in this practice if any?
An examination of the accounting records of Clowney Company disclosed a high contribution margin ratio and production at a level below maximum capacity. Based on this information, suggest a likely means of improving income from operations. Explain
Jackson uses his automobile 90% for business and during 2012 drove a total of 14,000 miles. Information regarding his car expenses is listed below.
The following defined-benefit pension data of Doreen Corp. apply to year 2008. Projected benefit obligation, January 1, 2008 (before amendment) - $560,000 Plan assets, January 1,2008 - 546,200 Pension liability.
Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year?
She buys five deluxe mixers on account from Kzinski Supply Co. for $2,750, terms n/30. She pays $100 freight on the January 4 purchase. Natalie returns one of the mixers to Kzinski because it was damaged during shipping.
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