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In a recent year, BMW sold 216,944 of its 1 Series cars. Assume the company expected to sell 225,944 of these cars during the year. Also assume the budgeted sales price for each car was $30,000, and the actual sales price for each car was $30,200. Compute the sales price variance and the sales volume variance.
You are required to write a report to your boss to help her understand these terms trial balance, cash book, general journal, books of prime entry effects of transactions and accounting equation.
What factors are likely to drive an organization's outlays for new capital(such as plant, property and equipment) and for working captial( such as receivables and inventory)? what ratios would you use to help generate forecasts of these outlays?
Prepare the necessary journal entry to closed the overhead account if the balance is considered immaterial.
The board of directors declared and paid a $6,000 dividend in 2009. In 2010, $24,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2010?
Explain the differences between revenue expenditures and capital expenditures during a useful life and identifying any similarities.
Prepare the entries on both companies' books assuming that the exchange had commercial substance. Prepare the entries on both companies' books assuming that the exchange lacked commercial substance.
During the first year of operations, a company granted warranties on its producs. The estimated cost of the product warranty liability at the end of the years is $12,750. The product warranty expense of $12,750 should be recorded in the years the ..
The Butterfly Corporation had the following information that pertained to its March budget.
a corporation has decided to replace an existing asset with a newer model. two years ago the existing asset originally
Journalize the contributions of Davis and Ghai to the partnership and prepare the partnership balance sheet at December 31, 2012.
The following information has been obtained for the Kerdyk Corporation. Compute taxable income and income tax payable for 2007.
The amount that Khan, Inc. reports as a net loss for financial reporting purposes in 2011, assuming that it uses the carryback provisions, and that the tax rate is 30% for all periods affected, is ??
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