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1. Find the probability of obtaining exactly 5 heads when a coin is tossed 10 times.
2. The capital projects fund of Petit City paid salaries to city employees who worked on construciton of a capital project. The debit for the entry in the capital projects fund to record this event should be to.
3. Which ratios would best fit the scenario to find fraud within the company?
Calculate the net present value of this investment using a cost of capital of 16%. Based on this analysis, would the investment be made? Explain your answer.
computing ending inventory and cost of goods sold under fifo and lifo cost-flow assumptions.cost flow assumptions -
Mary Martin, the owner of Martin Consulting, Inc., started the business by investing $40,000 cash. Identify the general journal entry below that Martin Consulting, Inc. will make to record the transaction. Cash 40,000 Common Stock 40,000 Common Stock..
Capacity utilization effect on product mix and profitability and describe how capacity utilization affects product mix and profitability.
Prepare journal entries for each transaction. Prepare the equity section of the balance sheet at each year-end, December 31.
Prepare an income statement for the year 2012 starting with income from continuing operations before taxes. Compute earnings per share as it should be shown on the face of the income statement.
The NRBE Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries (Nancy, Rita, Betty, Ernie) are entitled to the trust's annual accounting income in shares of one fourth each. How much income is each b..
Debbie owns office equipment with a basis of $300,000 and a holding period starting on May 10, 2004. Debbie exchanges the equipment for other office equipment owned by Doug on July 23, 2015. Doug’s equipment has an FMV of $500,000. Both Debbie and Do..
Drawing from your business and professional experiences, discuss how the use of computer information technology in your organization has impacted accounting information systems (AISs) and show how the different components of an AIS have influenced th..
Jessica Johnson and Claudia Stein are opening a Submarine’s deli. Johnson and Stein need outside capital, so they plan to organize the business as a corporation. They come to you for advice. Write a memorandum informing them of the steps in forming a..
The Stancil Corporation provided the following current information: Proceeds from long-term borrowing $ 18,100 Proceeds from the sale of common stock 5,100 Purchases of fixed assets 22,100 Purchases of inventories 3,000 Payment of dividends 15,600 De..
Which cost flow method would result in inventories approximating current cost in the balance sheet? Which cost flow method would result in Jones paying the least taxes in the first year?
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