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Blueline Tours, Inc., operates tours throughout the United States. A study has indicated that some of the tours are not profitable, and consideration is being given to dropping these tours to improve the company's overall operating performance.
The "Bus maintenance and preparation" cost on the previous page is an allocation of the salaries of mechanics and other service personnel who are responsible for keeping the company's fleet of buses in good operating condition.
Depreciation of buses is due to obsolescence. Depreciation due to wear and tear is negligible.
Dropping the Historic Mansions bus tour would not allow Blueline Tours to reduce the number of buses in its fleet, the number of bus drivers on the payroll, or the size of the maintenance and preparation staff.
Prepare a short memo from giving your recommendations as to the proper reporting of the earthquake damage costs in the income statement for the year ending august 4, 1990.
denton company has a large portion of its plant assets concentrated in an area where technology is changing rapidly.
During the current year, merchandise is sold for $275,000 cash and $990,000 on account. The cost of the merchandise sold is $950,000. What is the amount of the gross profit?
If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
Calculate the issue price of a $1,500,000 bond issue and prepare the journal entries for the issuance and first years' interest payments (use the effective interest method). Assume the bonds are paid semiannually (June 30 and December 31).
Why may net cash flow from operating activities on the cash flow statement be different from the amount of net income reported on the income statement?
Evaluate the legal aspects of acquiring, holding, and disposing of real property. Evaluate the legal aspects of acquiring, holding, and disposing of personal property. Analyze the business use of insurance for various risks.
The company has a December 31 year-end. Prepare the adjusting entry at March 31, 2011, to record subscription revenue earned in the first quarter of 2011.
the simplex financial system is characterized by a required reserves ratio of 11 percent initial excess reserves are 1
On June 30, 2012, Carmack Company concludes that a customer's $3,750 receivable(created in 2011) is uncollectible and that the account should be written off. What effect will this action have on Carmack's 2012 net income? Explain.
carefully consider the following information before answering the questions that followquarter foods began its
carlos arruza company exchanged equipment used in its manufacturing operations plus 3000 in cash for similar equipment
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