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Nolte Co. has 4,500,000 shares of common stock outstanding on December 31, 2014. An additional 200,000 shares are issued on April 1, 2015, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds have been converted. The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2015 is
Compute break-even at each level and is the company likely to achieve its desired target profit of $4,000,000 or more? Support your discussion with financial analysis and compute the margin of safety and explain the meaning of the number derived.
casemoto knappy is a manufacturer of automobile motors.nbsp the manufacturing process takes a couple of months.nbsp the
Discuss three recommendations to improve the problem related to labor at Fargo Publishing. Discuss how management can measure the cost savings of these recommendations."
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Tiger’s tax depreciation exceeds book depreciation by $80,000. Calculate the current, deferred, and total tax expense for 2014 and prepare the journal entry needed to record this. Calculate the deferred tax asset/liability for 2014 and prepare the jo..
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What should you do? What if you really believe lower profitability is caused by factors outside your control? Would this make the false reporting acceptable?
Matrix Corporation has just received its checking account statement for the month ended September 30. What adjustments if any does she need to make in her check book? Why is it important for individuals and businesses to do bank reconciliation each m..
objective questions relating to basic accounting equation amp concepts.1. primary users of accounting information are
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