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The Peng Corporation had the following sales forecast available:
April2,000 units
May2,400 units
June2,800 units
The April 1st inventory is 800 units; if the company's management wants ending inventory each month equal to 10% of the next month's sales, how many units should be purchased for May?
Stakeholders seem to expect auditors to detect accounting frauds, and yet auditors' opinions carefully avoid making that claim. If auditors can't deliver on stakeholder expectations, what value do they offer stakeholders?
Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources.
Income from operations for Division B is $165,300, total service department charges are $399,200 and operating expenses are $2,626,000. What are the revenues for Division B?
If 800 shares of $40 par common stock are sold for $43,000, the $43,000 would be reported in the cash flows from financing activities section of the statement of cash flows.
My cost of goods sold for the month is ? And i found this using what type of inventory system?
Last year, Loon sold an appreciated asset for $600,000 (basis of $200,000). Payment for one half of the sale of the asset was made this year. How much of Wendy's distribution will be taxed as a dividend?
Woolery, Inc. had 50,000 shares of common stock outstanding at January 1, 2009. Compute basic earnings per share for the year ended December 31, 2009.
Accepted a $12,000, 60-day, 8% note dated December 13 in granting Allie Sumera a time extension on her past-due account receivable. What is the interest receivable and interest revenue?
If the East territory is discontinued, one sales manager (whose salary is $40,000 per year and is part of the fixed costs) will be relocated to the West territory. By how much would Green's income change if the East territory is eliminated? Recast..
What is the "kiddie tax" all about? What is its purpose? What "scheme" does it seek to prevent? Do you think it is really necessary? If so, why do you think it cuts off at 14?
Farley Corporation's common stockholders' equity at the beginning and end of 2007 was $450,000 and $550,000, respectively. Farley Corporation's payout ratio for 2007 is ??
The machine is expected to reduce labor costs by $70,000 per year and material scrap by $20,000 per year. The machine is expected to have a 5-year life. What is the present value of this investment, assuming a 12% interest rate?
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