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Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2014 are as follows:
January 40,000
February 50,000
March 60,000
Finished goods inventory at the end of 2013 was 10,000 units. On average, 25% of the futons to be sold in the next month are produced and kept as ending balance in finished goods inventory. The planned selling price is $150 per unit. What would be the slaes budget for March of Fantastic Futons?
Decision of inclusion of transactions in the cash flow statement - Should this transaction be included in the calculations on the cash flow statement or shown in the note and desscribe your answer
Prepare a recommended list of at least 7 essential elements that must be included in your organization's code of conduct based on your analysis and assessment.
On December 16, 2012, Keen Company received $5,400 from Smith Company for rent on an office building owned by Keen. The $1,800 covers the period December 16, 2012, through February 15, 2013. If Keen Company credited Unearned Rent to record the $5,400..
Dinners-Done-Right is a very successful dinner service that delivers healthy dinners to customers in a medium-sized city. D-D-R has four locations, one on each side of town (north, south, east, and west.) In order to provide quick delivery (30 minute..
What was the corporation's net sales, cost of goods sold, and gross profit? What was the corporate tax rate? ** This should be an item in the notes to the financial statement. Required disclosure usually explains the Federal Statutory rate and a reco..
Under Section 11 of the Securities Act of 1933 and Section 10(b), Rule 10b-5, of the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered securities. The following items relate to what a plaintiff who purchased securities m..
What are monitoring activities - design a monitoring activity that would achieve this assurance objective.
The cost of capital will remain at 15% and the hospital intends to purchase adjoining property in 2012 as the location for the proposed cancer center. Depreciation expense will increase by $5,000 in each of the next five years.
Compute the CM ratio and the break-even point in balls, and (b) the degree of operatingleverage at last years sales level and what will be the new CM ratio and break-even point in balls
May 1, 2006, XYZ, Co. issued $250,000 in 8%, 10 year bonds at a price of 94. Bonds pay interest on May 1 and Nov 1. Record the entries for the issue of the bonds, year-end accruals on Dec 31. Record the interest/amortization on May 1, 2007.
Calculate the YTM and YTC under those conditions, and explain which you believe you would earn and why and what would be your estimate for the cost of new common equity?
Sunshine bought furniture for 90,000 several years ago and had claimed $25,000 of depreciation expense on the machine. Illustrate what is the amount and character of Sunshine's gain or loss?
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