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Chahta Enterprises makes watches. Each watch requires materials worth $12.00 and 2 direct labor hours. The supervisor is paid $700.00 per week. The hourly rate is $10.00 for workers. If 25 watches are made per week, compute the fixed costs per watch.
What are SEC financials required to adhere to be compliant and what additional information is required of SEC registrants that is not required of nonregistrants?
Illustrate what does Inventory levels need to be maintained at 10% of the next months’ cost of goods sold. The gross margin for Spacely is 40%. There was $1,800 of inventory on hand at the end of December.
BLB Enterprises is located in France and has been in business for several years. They use IFRS to prepare their financial statements and have a calendar year accounting period (January 1 - December 31).
What information can the company gleam from this approach which is helpful as a tool in the decision making process. Explain situations in which break-even analysis can be a useful tool. Provide a specific example.
On January 1, 2011, Bishop Company issued 10% bonds dated January 1, 2011, with a face amount of $20 million. The bonds mature in 2020 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semi annually on June..
Harbor (lessee) signs a five-year capital lease for office equipment with a $10,000 annual lease payment. The present value of the five annual lease payments is $41,000, based on a 7% interest rate. Prepare the journal entry Harbor will record at inc..
At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 25-year useful ..
What does this statement of cash flow tell you about the sources and uses of the company and is there anything ABC Company can do to improve the cash flow?
On August 31, 2012, Nancy Totten borrowed $5,000 from First Interstate Bank. Totten signed a note payable, promising to pay the bank principal plus interest on August 31, 2013. The interest rate on the note is 7%. The accounting year of First Interst..
One of your clients owns a farm that has been experiencing losses. Should your client claim the losses as hobby losses or on a Schedule F? Justify your answer.
Is the company's inventory turning over at a satisfactory rate and why or why not? Does the company maintain an adequate level of inventory to meet customer demand?
question 1 in a statement of cash flows increases or decreases in noncurrent assets are most closely related witha.
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