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Jill Peterson is one of several subscribers involved in the process of forming a new company, Pets-Go. She is also in the process of buying a new personal residence. Jill wants to pay the legal fees associated with the purchase of her new home from corporate funds by charging them to the corporation's Organization Costs account. "I'll have the accountant mix them in with the corporation's legal bills. No one will ever notice," says Jill.
Pets-Go Company is planning to become a client of Accounting Services, Inc., where you work.. I'm your supervisor, and have asked you to research this issue and to give me your opinion and recommendations. You can assume I have knowledge of the subject area. This is a business memo and youwill not reference the instructor, student, any textbook, or assignment. Keep this memo in a business context. Make sure to list the references (web addresses) you used to form your opinion. The reference needs to be within the memonot listed at the end of the memo.
Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity- based costing system contains the following six activity cost pools and activity rates:
For August, Busters Consulting and Mediation Practice(BCMP) worked 900 hours for Quebec company and 2,100 hours for Ontario Corporation. BCMP bills clients at rate of $300 per hour
Describe the relationship between financial statements and the supplemental components comprised in an annual report - Explain how the accounting equation affects financial statement components.
Prepare a report that shows the effect on the company's total net operating income of buying part A55 from the supplier rather than continuing to make it inside the company.
Suppose a fixed cost of $900, a variable cost of $4.50, and selling price of $5.50. Find out the break even point? How many units should be sold to make a profit of $500.? How many units should be sold to average $.0.25 profit per unit? .50 per un..
assignation individual ai 3 master and flexible budget1. orange company is planning to sell 200 buckets and produce 190
Journalize the adjusting entries and create T accounts for all accounts used in part Enter the trial balance amounts into the T accounts and post the adjusting entries.
Determine the total cost per unit for each product using traditional job-order costing and determine the total cost per unit for each product using activity based costing
Prepare the entry to assign factory labor to production and prepare the entry to record the factory labor costs for the month of January.
A review of Parrish Corporation's accounting records found that at a volume of 144,000 units, the variable and fixed cost per unit amounted to $6 and $2, respectively.
What will happen to the number of unit that will be sold if the price is raised to the one you calculated in part c? Explain why setting price by marking up cost is inherently circular for a manufacturing firm.
At a break-even point of 400 units sold, variable expenses were $4,000, and fixed expenses were $2,000. What will the 401st unit sold contribute to profit?
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