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Consider the following financial indicators of two different businesses:
i. Returns on Assets: 24% and 24%
ii. Returns on the Owner's capital: 28% and 42%.
Why is it that it's acceptable for the Returns on Assets of the two businesses to be identical, but not the Returns on the Owner's capital, as it's apparent from the data above?
The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. The salvage value is expected to be $379,200. This new equipment would require maintenance costs of $95,900 at the end of the fifth year. The c..
Compute the break-even point in total sales dollars and in units for 2014 and what effect would Paul's plan have on the profits and the break-even point in dollars of the partnership?
On January 1, 2016, Packard Corporation leased equipment to Hewlitt Company. The lease term is 12 years. The first payment of $459,000 was made on January 1, 2016. Remaining payments are made on December 31 each year, beginning with December 31, 2016..
If you had the choice of budgeting for a nonprofit or a for-profit, which would you rather do the budget for? Why?
Examine the sales budget profit budget cash flow budget and debtor ageing summary. Develop an actual-to-budget variance report using the template provided
Swasey, Inc. manufactures six models of leaf blowers and weed eaters. Prepare a sales budget by product and in total for Swasey, Inc. for the coming year.
What are the most common budgets used by manufacturing organizations? What are the most common budgets used by service organizations? Provide some examples of how these types of budgets might be used in your personal life.
Evaluate how teamwork and leadership is an effective tool for financial forensic investigations. Provide support for your evaluation.
accounting treatment for errors and corrections.effects of errors show how the following independent errors will affect
Explain the meaning of fraud to Randal and give an example of frauds that might occur at a bank.
The debit to Cash short and over would be: Which of the following would be included in a journal to record an NSF check? Martin Sales had a Beginning inventory balance of $120 made up of 10 units purchased for $12.00 per unit. Early in the month, the..
The Jingle Corporation has income from operations of $459,000. It has dividend income of $68,000 from a corporation in which it owns 5 percent. a. What is the corporation’s taxable income? $ b. How would your answer change if Jingle owns 35 percent o..
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