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During the year, Oscar travels from Raleigh to Moscow (Russia) on business. His time was spent as follows: 2 days travel (one day each way), 2 days business, and 2 days personal. His expenses for the trip were as follows (meals and lodging reflect only the business portion):
Air fare $3,600Lodging 1,000Meals and entertainment 1,600
Presuming no reimbursement, Oscar's deductible expenses are:
a) $1,800.
b) $3,000.
c) $4,200.
d) $5,400.
e) $6,200.
The bonds were issued for $817,860 cash, which provided the holders an annual yield of 8%. What is the amount of the semi-annual interest expense?
Zigs Industries had the following operating results for 2011: sales = $27,960; cost of goods sold = $19,360; depreciation expense = $4,940; interest expense = $2,190; dividends paid = $1,050.
The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units.
Describe costing methods for inventory control, denominator-level capacity concepts and cost capacity analysis?
Maxey company had current and noncurrent liabilities of $50,000 and $150,000, respectively. The company's current assets were $76,000, out of a total asset figure of $424,000. Calculate the company's debt ratio.
Equivalent units for materials total 20,000. There were 16,000 units completed and transferred out. Equivalent units for conversion costs equals 18,000. How much are the physical units for conversion costs if ending work in process is 50% complete..
To what level of the IRS are C-Ment's returns sent if it is determined that it will be necessary to contact the corporation during the audit process?
Why do intercompany balances exist within the financial records of the separate companies? How are these reciprocals eliminated on a consolidation worksheet?
Division Corp has 20,000 shares of $5.00 participating 9 percent cumulative preferred stock and 100,000 shares of $2.00 common stock.
Answer the following questions based on Scottsdale, AZ CAFR year ending June 30, 2012.
Determine the stakeholders impacted by audit reports. Analyze the impct of audit reports for each category of stakeholders.
Write an analysis about test of liquidity that compare Best buy to Radio Shack and Conn's.
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