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Alexi files her tax return 5 days after the due date. Along with the return, she remits a check for 6,700, which is the balance of the tax she owes. The failure to file is not is attributable to fraud. Assume 30 days in a month. If required, round your answers to nearest whole value. Disregarding any interest liabilities, Alexi’s total penalties are as follows: Failure to pay penalty: $. Failure to file penalty: $.
Overhead is charged to production at 70% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers.
Find the company's cost of common equity if all of its equity comes from retained earnings and What would the cost of equity from new stock be?
Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process.
Assume management has not yet corrected this error-What is the corrected amount for total assets and net income for the year? With calculations and explanations.
Determine the minimum price that Shorewood Shoes should charge for this order. What other considerations are relevant in this decision?
Mauer Company licenses customer-relationship software to Hedges Inc. for 3 years. In addition to providing the software, Mauer promises to provide consulting services over the life of the license to maintain operability within Hedges’ computer system..
Pilsen Company issues 12% bonds with a face value of $10,000 and 600 shares of $10 par common stock in a combined sale, receiving total proceeds of $23,000 on December 31. The common stock has a current market value of $21 per share; the market valu..
Bristol Corporation is a manufacturer of high-tech industrial parts that was started in 2003 by two talented engineers with little business training. In 2015, the company was acquired by one of its major customers. On December 31, 2014, merchandise i..
The company uses a job-order costing system. How would you recommend that manufacturing overhead cost be assigned to production? Be specific, and shoe computations.
Prepare income statements for both years using variable costing. Has firm performance, as measured by income, improved or declined from Year 1 to Year 2?
choose a company of your choice and review a form 10-k filed with the sec. communicate with your group to make sure
Magnolia, Inc. manufactures bedding sets. The budgeted production is for 13,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,420 yards with the desired ending balance of 5,700 yar..
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