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Webster Training Service (WTS) provides instruction on the use of computer software for the employess of its corporate clients. It offers courses In the client's offices on the client's equipment.The only major expense WTS incurs is instructor salaries: it pays instructors 5000 per course taught. WTS recently agreed to offer a course of instruction to the employees of Chambers Incorporated at a price of $400 per student. Chambers estimated that 20 students would attend the course.
Queston: Determine the profit ,assuming that 20 students take the course.
a large conglomerate is considered acquiring a medium -sized manufacturing company in a closely related industry. a
The corporation issues the stock to Sid on September 13, 2010, to raise additional equity capital. Sid owns no other Orlando stock.a. Does Orlando's S election terminate? If so, when is the termination effective?
On July 1, 2010, an interest payment date, $60,000 of Parks Co. bonds were converted into 1,200 shares of Parks Co. common stock, each having a par value of $45 and a market value of $54. There is $2,400 unamortized discount on the bonds. Using th..
xyz corporation bonds pay a coupon rate of interest of 12 percent annually and have a maturity value of 1000. the
The stock options had been granted for $12 per share. The cost method is used. What is the balance of the treasury stock on Grant's balance sheet at December 31, 2011?
profitability ratios fondren machine tools has total assets of 3000000 and current assets of 800000. it turns over its
What is amortization loan? Can you give us an amortization loan example, for example, car loan or mortgage loan, and so on?
tim duggan owns and manages sky restaurant a 24-hour restaurant near the citys medical complex. tim employs 9 full-time
If paid the total amount owing of $6858 to ATO via my National Australia Bank Visa Card. A Credit card fee of $45 (equivalent to 0.0065%) was charged by the ATO in relation to this payment. Is this $45 credit card fee deductible?
When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's inventory carried at cost would be converted to U.S. dollars by:
Abby and Co. reported a retained earnings balance of $500,000 at December 31, 2010. In September 2011, Abby and Co. determined that insurance premiums of $90,000 for the three-year period beginning January 1, 2010, had been paid and fully expensed..
Price Manufacturing assigns overhead based on machine hours. Department A logs 1,200 machine hours and Department B shows 2,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a:
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