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A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client.
Compute the weighted-average number of shares to be employed in computing earnings per share for 2013.
Read Company reported actual sales of $2,000,000, and fixed costs of $480,000. The contribution margin ratio is 30%.Compute the break-even point in dollars, the margin of safety in dollars and the margin of safety ratio.
Sand Soap Company management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records.
What is the advantage of overestimating? What are the pitfalls of under-estimating?
q. in october of 2011 cathy bennett and mike sold their residence for 550000. they purchased it in 2000 for 300000.
How much overhead from the labeling process will be allocated to this particular variety of wine?
What is the difference between the auditor's approach in verifying sales returns and allowances and sales? Why is there a difference?
Carl transfers land to Cardinal Corporation for 90% of the stock in Cardinal Corporation worth $20,000 plus a note payable to Carl in the amount of $40,000 and the assumption by Cardinal Corporation of a mortgage on the land in the amount of $100,..
Why is the preparation of "IncomeStatement" necessary for organizations?
Tee Times, Inc. produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2009 for its Elite Quality golf club sets.
At the current product mix, how many bottles of Shiny Coat and Flea-B-Gone must the Doggy Palace sell in a year in order to earn a profit of $25,000? (number of each)
Prepare the journal entries to correct the errors (ignore income taxes). Prepare the journal entries to record 2009 depreciation for any assets record in requirement
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