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DeMont Tax Services provides primarily two lines of service: accounting and tax. Accounting-related services represent 60% of its revenue and provide a contribution margin ratio of 30%. Tax services represent 40% of its revenue and provide a 40% contribution margin ratio. The company's fixed costs are $4,250,000.
Calculate the revenuce for the accounting and the taxes.
Iota Co. initiated a defined benefit pension plan at the beginning of the current fiscal year. Prior service cost was $240,000, of which $80,000 was amortized, and service cost was $60,000.
a) How are Ethyl, Fred, and the partnership taxed on the formation of the partnership?b) If Ethyl were to sell her interest six months later for $150,000, how much would she be taxed?
1. parent company owns 90 of the stock of subsidiary company.2. on 1102 subsidiary company purchased equipment at a
What is the Doubtful Accounts Expense for the year ended December 31, 2009 if the Accounts Receivable at December 31, 2009 is $440, the Allowance for the Doubtful Accounts at January 1, 2009 is $64,
hickory grill company manufactures two types of grillsthe gas cooker and charcoal smoker. the cooker is a premium
The installation cost for this equipment was $25,000. The firm plans to depreciate the equipment using the MACRS 5-year normal recovery period. Prepare a depreciation schedule showing the depreciation expense for each year.
Greene Sisters has a DSO of 20 days. The company's average daily sales are $20,000. What is the level of its accounts receivables? Assume there are 365 days in a year.
what is a stock split? how does a stock split impact outstanding shares and the per-share market price? how do stock
part 1 abc company had the following details regarding deferred taxes in 2013pre-tax financial
question 2 deep blue manufactures floatation vests in charleston south carolina.nbsp deep blues contribution margin
Prepare the journal entry to record the April 1 purchase (ignore any freight charges) of merchandise by Mathis Company.
a while examining cash receipts information the accounting department determined the following information opening cash
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