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Companies generate income from their "regular" operations and from other sources like interest earned on the securities they hold, which is called non-operating income. Lindley Textiles recently reported $72,500 of sales, $7,250 of operating costs other than depreciation, and $1,000 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus-state income tax rate was 40%. How much was Lindley's operating income, or EBIT?
depreciation by two methods sale of fixed assetnew lithographic equipment acquired at a cost of 787500 at the beginning
Under the weighted-average method of process costing, costs from the prior period are averaged with those of the current period in computing unit costs.
Discussion on IFRS, why choose IFRS? what is the advantages and disadvantages for developments company to follow IFRS?
utopia dance clubsinc. rented an old warehouse for its newest club on oct.012010.to receive a discount utopia paid
Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future. Explain how the vision, mission, and value of the new division align with the company's mission..
five years ago the city of paranoya spent 30000 to purchase a computerized radar system called w.a.s.t.e watching
home depot and lowes are two companies in the same industry. comparative data for two years are given belowhome
Prepare the unadjusted trial balance for Aqua Elite, Inc., at the end of July. Journalize and post the adjusting entries for July based on the following adjustment information:
Complete the four right most columns of the table by first entering information for the four closing entries (keyed 1 through 4) and second by completing the post closing trialbalance.
the wiscow manufacturing company recorded overhead costs of 14182 at an activity level of 4200 machine hours and 8748
the tomlin company forecasts that a total overhead for the current year will be 15000000 and that total machine hours
1. Your friend, Fred, intends to go into business on his own as a timber merchant under the name of 'County Council Supplies'. What could happen to Fred if he does this?
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