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Classify each of the following items as owner's drawing (D), revenue (R), or expense (E).
_______(a) Advertising expense
_______(b) Commission revenue
_______(c) Insurance expense
_______(d) Salaries expense
_______(e) Bergman, Drawing
_______(f) Rent revenue
_______(g) Utilities expense
Considering 2% as fair compensation for the risk involved in the business, calculate the value of goodwill of his business on capitalization of super profits at the normal rate of interest. Ignore taxation.
operating expenses other than depreciation for the year were 416818. prepaid expenses increased by 24003 and accrued
on january 1 2011 937000 5-year 10 bonds were issued for 908890. interest is paid semiannually on january 1 and july 1.
a company is planning to introduce a new portable tv to its existing product line. management must decide whether to
on november 1 year 1 black lion company forecasts the purchase of raw materials from an argentinian supplier on
Given the cash flow stream and lump-sum amounts associated with each, and assuming a 9 percent opportunity cost, which alternative (X or Y) and in which form (cash flow stream or lump-sum amount) would you prefer?
Calculate the loss recorded on the sale assuming ABC Company was using the straight-line method to depreciate the equipment.
denny company produces sporting equipment. in 2009 the first year of operations denny produced 20000 units and sold
Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified?
Suppose a firm has a tax loss of $5 million in the current period. The firms after tax discount rate is 10%. Reported taxable income:Year. -5 -4 -3 -2 -1 currenttaxable income: $1 $1 $1.5 $3 $3 -$5Statutory Tax rate: 40% 40% 35% 35% 30% 30%a. if t..
on january 1 2013 sweetwater furniture company leased office space under a 21-year operating lease agreement. the
Its sales for the year were $32,000,000. Its EBIT for 20XX was $1,500,000, and its accumulated depreciation on fixed assets was $4,000,000. What was its fixed assets turnover ratio.
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