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Maggie Brown works for a clipping service from her home. She spends three to four hours per day reading newspaper clippings and making notes for the clipping service. During the year, she earned $9,300 from the service. She had automobile expense of $300, phone expense of $100, and child care expense related to the job of $800. Explain how she will report her income and expenses. Calculate her income from the business and her selfemployment taxes if she has no other income.
evaluate point elasticity and optimal pricerichardsons stores inc. cut prices on mens runnng shoes by 2 during the
Prepare a statement of partnership liquidation, indicating (a) the sale of assets and division of loss, (b) the payment of liabilities, (c) the receipt of the deficiency (from the appropriate partner), and (d) the distribution of cash.
spoiled baby corp sells kid buggies and has decided to expand its operations. it requires borrowing 500000 for 18
Under a three-variance breakdown of the net overhead variance, evaluate the total factory overhead spending variance for May.
Prepare the 2012 Schedule M-3 for Form 1120 and prepare a schedule that reconciles the corporations effective tax rate to the statutory 34% tax rate.
Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $42,000 of materials in inventory. During the month of June, the company purchased $180,000 of materials. On June 30, materials inventory equaled $51,000.
what other potential measures will we implement to control those unallocated costs and regarding customer profitability profiles, what could be done when customers have unfavorable profiles?
a. Compute the break-even IBM stock price for each option (i.e., the stock price at which your total profit from buying and then exercising the option would be 0).
Ron Williams recently took over as the controller of Johnson Brothers Manufacturing. Last month, the previous controller left the company with little notice and left the accounting records in disarray.
Use variance analysis to explain the causes of the increase in revenue from 2007 to 2008. Show your computations neatly, and clearly label the appropriate variances.
Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the City of Martinville for the year ended June 30, 2012. Please make sure you end with the Fund Balance for the year ending June 30, 2012.
Allowance for Doubtful Accounts has a credit balance of $1,200 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is as follows.
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