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Determine the average rate of return for project that is estimated to yield total income of $400,000 over four years, cost $720,000 and has $70,000 residual value. Round your answer to one decimal place.
what does the term net realizable value mean with regard to the accounts receivable account?a. the gross amounts owed
Ignoring income taxes, what amount should be reported in the 2010 income statement as the net income or loss under 'discontinued operations' ?
At the start of february pete's had salaries payable outstanding of $17,000. on february 4th,pete sent out paychecks to its employees valued at $20,000. prepare the journal entry for this transaction.
The pretax operating income of the division during 2011 was $4 million. Pretax income from continuing operations for the year totaled $14 million. The income tax rate is 40%. Ziltech reported net income for the year of $7.2 million. Determine the ..
ABC Company's overhead amounts to $300,000 per period based on an output of 200 units of A, 300 units of B, and 500 units of C. Direct labor costs of A, B, and C per unit amount to $75, $50, and $40 respectively. Each unit also requires 7, 12,..
A company has $8,200 in net sales, $1,100 in gross profit, $2,500 in ending inventory, and $2,000 in beginning inventory. The company's cost of goods sold is?
During 2011, Doane earned $200,000 and paid dividends of $60,000 on April 1 and $60,000 on October 1. On July 1, 2011, Rich sold half of its stock in Doane for $264,000 cash. What should be the gain on sale of this investment in Rich's 2011 income ..
The Fistman Company reports net income of $42,000. Interest allowances are Stewart $4,500 and Bliss $7,500; partner salary allowances are Stewart $27,000 and Bliss $15,000 and the remainder is shared equally.
Compute the pension expense recognized in 2011. Assume the prior service cost is amortized over the average remaining service life of the employees.
charlotte motorcycle repair corporation purchased a machine on january 1 2010 for 8000 cash. the firm expects to use
After operating for several months, architect Edmond Roberge completed the following transactions during the later part of the month. What are the journal entries for the following
which of the following is the result of an inseparable relationship between business and society?a. all business
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