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1. Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July 1, 2011, at a price of $380 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. Prepare the journal entry to record interest at December 31. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2011, if it uses the direct method?
Discuss your reaction to the public service announcement in relation to the marketing of junk food to children, with a focus on why or why not this PSA is appropriate.
Journalize the transactions and Prepare the adjusting entry at December 31 to report the securities at fair value.
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Determine the ending finished goods inventory. What was the cost of indirect labor? What was the amount of factory overhead applied? Determine total manufacturing costs incurred during 2007. What was the cost of good manufactured?
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The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs - cost per equivalent unit for materials for the month in the first processing department is closest to
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Which analysis, ABC in part b or traditional in part c, gives a more realistic picture of this clients true profitability? Defend your answer.
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Assume that during Year 2 Jones has a $7,000 gain on the sale of investments and a $2,000 loss on the sale of equipment. Explain how these two transactions would affect your computations in (1)above.
Task is to make a 10-12 powerpoint presentation on topic of costing. Explaining what needs to be done to project profits using the traditional income statement if sales were to increase 20%
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