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Randall Company makes and distributes outdoor play equipment. Last year sales were $2,400,000, operating income was $600,000, and the assets used were $3,000,000.The return on investment (ROI) is:
a. 20%
b. 80%
c. 25%
d. 125%
Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.
What kind of situation would make guaranteed payments a logical way of starting a two-person partnership?
All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
The direct method statement of cash flows for the lessor should reflect which of the following in the first year of the lease contract (ignore noncash disclosures)?
In August direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54000 and the direct materials cost was $34000, the direct labor cost was:
Profit, charges, and break-even without and with overhead. A number of years ago, at the request of its employees, Jack Winslow and Company converted one of its small rooms to house a small pharmacy for its employees in which they can buy a few po..
Each bond has twenty detachable warrants. The bonds and warrants were sold at 110. At the time the bond were issued each warrant had a market value to one percent of the face value of one bond.
Prepare a direct materials budget for chips, by quarter and in total, for Year 2. At the bottom of your budget, show the dollar amount of purchases foe each quarter and for the year in total.
Which of the following is NOT a legal restriction related to profit distributions by a corporation?
a. Which company has the higher profit margin? b. Which company has the higher investment turnover? c. Based solely on the data given, in which firm would you prefer to invest
Discuss situations in wihc the auditor should use accounts paayable confirmations and discuss wheter the auditor is required to use them.
Prepare in general journal form all journal entries that should have been made during the fiscal year ended June 30, 2009 to record the above information in the capital projects fund (including closing entry).
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