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The James Company collected the following information (in days) for November and December.
Required:a. Calculate the manufacturing cycle efficiency for November and December.b. Assume January's processing time will be the same as December's. If James' target for manufacturing cycle efficiency is 65%, what will January's target for non-processing times be?
Which of the following should not be used as the allocation base in a company that appropriately uses a single plant wide rate?
soap company issued 200000 of 8 5-year bonds on january 1 20x6. the discount on issuance was 12000. bond interest is
paris is a cash basis landlord. an earthquake destroyed one of his residential rental buildings. even though the lease
during 2002 real gdp in japan rose about 1.3 percent. during the same period retail sales in japan fell 1.8 percent in
The following January, Shaver announced a $100,000 net income for 2011 and declared a cash dividend of $.50 per share on its 100,000 shares of outstanding common stock. The Northwick Company dividend revenue from Shaver Corp. in January 2011 would..
when examining payroll transactions an auditor is primarily concerned with the possibility ofa posting of gross
Abby and Co. reported a retained earnings balance of $500,000 at December 31, 2010. In September 2011, Abby and Co. determined that insurance premiums of $90,000 for the three-year period beginning January 1, 2010, had been paid and fully expensed..
The CEO paid $1220 for an expensive dinner and spent $600 for the game. What is the deductible amount of these expenses?
the cecil-booker vending company changed its method of valuing inventory from the average cost method to the fifo cost
A company had net income of $242,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2000 and $4000, respectively. T..
Sandra Sherman incorporates her apartment building. It has a basis of $50,000, a value of $150,000, is subject to a mortgage of $70,000 and has a depreciation recapture potential of $12,000. If Sandra receives stock worth $80,000, she will recogni..
Loan covenants are used for which of the following reasons?
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