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General Mills is a manufacturer of food products, such as Lucky Charms cereal, Pillsbury crescent rolls, and Green Giant vegetables. The following items were presented in the company's financial statements. For each item, indicate (1) the type of account (A = asset, L = liability, SE = stock-holders' equity, R = revenue, E = expense) and (2) whether it is reported on the income statement (I/ S) or balance sheet (B/ S).
1. Accounts Payable
2. Common Stock
3. Equipment
4. Accounts Receivable
5. Notes Payable
6. Cash
7. Retained Earnings
8. Office Expenses
9. Sales Revenue
10. Supplies
Determine the operating income for the Olive Oil Div'n using a transfer price of $4.
If company is optimistic about its China venture, and anticipates continued investment and growth, are restrictions on capital outflows from China a problem? Particularly if the source of funds are from China?
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A company has 10 million common shares authorized and 2.5 million shares issued. The par value is $1 per share and the market price is $30 when the company declares a 4-for-1 stock split. Which of the following is correct?
you are the vice president of operations for a small manufacturing company that uses the absorptive method of
Prepare the company's process cost summary for October using the weighted-average method. Prepare the journal entry dated October 31 to transfer the cost of the completed units to finished good inventory.
Determine the breakeven point in sales dollars. 2. Determine the required sales in dollars to earn a before-tax profit of $7,250,000. 3. What is the breakeven point in sales dollars if the variable cost increases by 10 percent?
Alpha has an expected return of 13.0% and a beta of 1.50. The total value of your current portfolio is $90,000. Illustrate what will the expected return and beta on the portfolio be after the purchase of the Alpha stock?
Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010. Preparation of a pension worksheet is not required. Benefits paid in 2010 were $35,000.
After all, we live in a society where the norm is to 'have someone's back' and to not 'rat out someone'. Explain how do we, as businesspeople and as a society, overcome the loss of trust many feel toward whistle-blowers?
Calculate the net present value of the proposed investment in the new sewing machine - calculate the present value ratio of the investment.
What is Munchs expected profit for April - Munch Enterprises makes a small toy car that is voice activated.
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