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A company buys a machine for $72,000 that has an expected life of nine years and no salvage value. The company anticipates a yearly net income of $5,850 after taxes of 30%, with the cash flows to be received evenly throughout of each year. What is the accounting rate of return?
Andrea's Hobbies produces and sells a luxury animal pillow for $40.00 per unit. In the first month of operation, 3,000 units were produced and 2,250 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other infor..
recognition of transactions treated as gifts. in the current year emily a widow engages in the followings transactions.
with countries around the world adopting ifrs many argue that the iasb should tailor its standards to meet the needs of
Set up a schedule of interest expense and discount amortization under the straight-line method.
Sue ask for you to prepare a well organized and formatted schedule showing what the variable manufacturing cost is as a percentage of total sales for each of the three product sales for 2007.
kelm company purchased a new machine on october 1 2010 at a cost of 142300. the company estimated that the machine will
The company's past records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be
santo Company budgeted selling expenses of $30000 in January, $37000 in February, and $45000 in March. Actual Selling expenses were $31000 in January, $35500 in February and $53000 in March.
Arntson Corporation's net income last year was $7,975,000. The dividend on common stock was $8.20 per share and the dividend on preferred stock was $3.50 per share. The market price of common stock at the end of the year was $59.10 per share.
An item that cost Rs. 2300 was marked up 38 % of the selling price. After some time the item is markdown 30 %. Calculate the sale price after markdown.
Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the organizational form you think they should use.
the parsons paper company had cash sales in 2009 of 220000. accounts receivable at the beginning of the year were
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