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A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $4,500 and is paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and twenty percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage?
hamilton company uses a periodic inventory system. at the end of the annual accounting period december 31 2012 the
describe amp explain three characteristics of payroll related taxes that make accounting for them so time consuming for
For many months your prospective ERP customer has been analyzing the hundreds of assumptions built into the $800,000 ERP software you are selling. So far, you have knocked yourself out to try to make this sale.
At the beginning of the year, Uptown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,600,000. If Uptown Athletic reported ending inventory of $600,000 and sales of $2,000,000, their cost of goods sold..
What is the breakeven point if Mount Carmel's tax rate is reduced to 25%, assuming the sales mix is 2 units of Product A for each unit of Product B?
ramirez corporation sells two types of computer chips. the sales mix is 30 and 70 q-chip plus. q-chip has variable
How many passengers must each of the 70 one-way flights have on average to break even each week?
Assume that you wish to purchase a 25-year bond that has a maturity value of $1,000 and makes semiannual interest payments of $45.
explain whether each of the following would be expensed on the income statement in2007 or in some later year and why.a.
Do liabilities of an S corporation affect the basis of a shareholder's stock in the same manner as partnership liabilities affect the basis of a partner's partnership interest? Explain.
An invoice for 50000 dollar dated feb 22 has payment terms 4/5, 3/20, n/30. A partial payment of 27000 was made on mar 10 a. How much was credeted to the account b. Determine the outstanding balance after this partial payment.
suppose allen inc. is a publicly traded company in the united states. the company purchased a piece of land for
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