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Sage learning systems inc. was organized on September 30, 2012. Projected selling and administrative expenses for each of the first three months of operations are as follows:
Depreciation, insurance, and property taxes represent $9,000 of the estimated monthly expenses. The annual insurance premium was paid on September 30, and the property taxes for the year will be paid in june. 60% of the remainder of the expenses are expected to be paid in the month in which they incurred, with the balance to be paid in the following month. Prepare a schedule indicating cash payments for selling and administrative expenses for October, November, December.
1) Discuss how level of activity is measured in manufacturing, merchandising, and service firms.
teofisto arenas recently established abusiness that will operate as arenas cleaning services. thetransactions for the
Watters umbrella corp issued 12 year bonds 2 years ago at a coupon rate of 7.8%. The bonds make semiannual payments. If these bonds currently sell for 105% of par value, what is the YTM?
Explain how an auditor defines or describes what a material misstatement would be for a particular client from both a qualitative and quantitative perspective.What is the audit risk model discuss each of the risk factors in this model and the rela..
Prepare schedules for expected collections from customers and expected payments for direct materials purchases - prepare a cash budget for January and February in columnar form.
If they are repackaged, at a cost of $15,000, they could be sold to toy stores for $2.50 per unit. What alternative should be chosen, and why?
in an irs publication the department states travel entertainment and gift expenses account for just part of the
mri company has one employee. fica social security taxes are 6.20 of the first 106800 paid to its employee and fica
benson and orton are partners who share income in the ratio of 23 and have capital balances of 60000 and 40000
telephone sellers inc. sells prepaid telephone cards to customers. telephone sellers then pays the telecommunications
with no residual value. At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for this machine. Assuming a 30% tax rate, the cumulative effect of this accounting change, net of tax, is
video toys manufacturers and sells arcade games. dividends are currently 1.50 per share and are expected to grow at a
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