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1. Duncan Inc. reported 2011 earnings per share of $3.26 and had no extraordinary items. In 2012, earnings per share on income before extraordinary items was $2.99, and earnings per share on net income was $3.49. Do you consider this trend to be favorable? Why or why not?
Summit Industries has a past history of uncollectible accounts, as shown below. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule you completed in Exercise 9-8.
Describe the principles on which the Big Mac Index is built and how it might help you as an international manager.
Evan Erman transferred inventory to a corporation in a Code Sec. 351 transaction. His basis in the inventory was $10,000 and its value was $8,000. If he received $2,000 in cash and 100 shares of stock, the resulting bases are:
scottso enterprises has identified the following overhead costs and cost drivers for the coming year budgeted direct
research in motion apple millions current year prior year current year prior yearaccounts receivable 2594 2112 3361
Management expenses during the year were Rs 80,000 and selling expenses were Rs 50,000. These are not allocable to the processes.
Journalize the formation of the partnership and Prepare an income distribution worksheet - Journalize the closing of the income summary accounts to the capital accounts.
1. Give three examples of how management can engage in "real" earnings management to achieve the desired reporting of higher net income. 2. Profiles Corp. had the following infrequent income statement items during 2009:
doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on
in 1970 mr. and mrs. self purchased their first principal residence for 80000. in 1995 they sold the house for 300000
werth company asks you to review its december 31 2010 inventory values and prepare the necessary adjustments to the
Based on the article by Thakur et al. (2006), define a customer relationship management (CRM) system. Identify and explain the seven critical questions a firm needs to answer before implementing a CRM system.
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