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Sand, Mell, and Rand are partners who share incomes and losses in a 1:4:5 ratio. After lengthy disagreements among the partners and several unprofitable periods, the partners decided to liquidate the partnership. Before the liquidation, the partnership balance sheet showed Cash $10,000, total -201Cother assets,-201D $106,000; total liabilities, $88,000; Sand, Capital, $1,200; Mell, Capital, $11,700; and Rand, Capital, $15,100. The -201Cother assets-201D were sold for $ 85,000.
Determine the following:
how much manufacturing overhead will be allocated to this product and evaluate the amount of avoidable costs if Jones buys rather than makes the components?
Find the break-even point in board feet for Factory A and Factory B and If the company wants to create an after-tax profit of $2 million with Factory B, how many board feet would the company have to process and sell?
How could the selling price of the bonds be determined
Find the interest expense for the first year and evaluate the interest expense for the second year?
Determine total annual cost of ordering and carrying the glass. Evaluate the Economic Order Quantity for glass.
Evaluate what return should she expect anticipate on her portfolio? Determine the portfolio beta and then apply the SML.
FICA Tax Payable for 7.5 % of gross pay, credit Employees' income tax Payable for 15 percent of gross pay, and credit salaries payable for the net pay.
the tax rate is 40 percent and the firm uses straighline depreciation. Any gain or loss on the machine is subject to tax at 40 %.
The company needs to maintain monthly ending inventories of clay equal to 20% of the subsequent month's production required. On August 31, 18,000 pounds of clay were on hand.
Distinguish normal and actual cost
Prepare a perpetual inventory record for Digital Wireless, to determine the value of ending inventory at December 31st, 2012, and the total amount to be assigned to cost of goods sold for the period.
Compute Dow's diluted and basic earnings per share
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