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Your pro forma income statement shows sales of $1,005,000?, cost of goods sold as $486,000?, depreciation expense of $98,000?, and taxes of $168,400 due to a tax rate of 40%. What are your pro forma? earnings? What is your pro forma free cash? flow?
A. Give the entry for the sale of the bonds. B. Give the entry to record the first interest payment.
Morgan Co. gathered the following information on power costs and factory machine usage for the last six months: What is the estimated variable portion of power costs per factory machine hour? What is the estimated fixed power cost each month?
Tropic Resources, Inc. reports net sales of $1,500,000; a gross profit of $650,000; and net income of $90,000. What is the company's cost of goods sold?
Belmain Co. expects to maintain the same inventories at the end of 2014 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various departm..
Examine the operating statements in detail, paying particular attention to the lines on which changes in net position and changes in fund balances are reported and develop a list of reasons why the two numbers are not the same.
A partial adjusted trial balance for Fenske Company is given- Instructions- Prepare the closing entries at January 31, 2012
Can you think of reasons that either a publicly-held or privately-held company might want to minimize reported revenues in certain instances? how might they do this? What are ways an auditor might be able to discover this?
For the current year ending April 30, King Company expects fixed costs of $60,000, a unit variable cost of $70, and a unit selling price of $105. Compute the anticipated break-even sales (How many complete units must be sold to at least break even?)...
Purpose a cash flow statement for Oju Company for 20B using the indirect method. Be sure to prepare a schedule for any noncash items for disclosure.
XYZ ltd bought an item of plant at a cost of sh. 5,000,000. Depreciation is charged on straight line with an estimated useful life of 10yrs. After 3 years of use, it is estimated that the asset will be used for a further 5 years only.
Would real estate investment trust or mortgage real estate investment trusts be a better hedge against high inflation? Why or why not?
Scot and Vidia, married taxpayers, earn $246,000 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly). (Do not round intermediate calculations. Round your answ..
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