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Galehouse Gas Stations Inc. expects sales to increase from $1,550,000 to $1,750,000 next year. Mr. Galehouse believes that net assets(Assets 2 Liabilities) will represent 50 percent of sales. His firm has an 8 percent return on sales and pays 45 percent of profits out as dividends.a. What effect will this growth have on funds?b. If the dividend payout is only 25 percent, what effect will this growth have on funds?
When the market value of an investment in debt securities exceeds its carrying amount, how should the asset be reported at the end of the year for each of the following?
the unadjusted trial balance for the general fund of the city of jordan at june 30 2015 is as followsdebitsaccounts
Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the organizational form you think they should use.
Canliss Mining uses the retirement method to determine depreciation on its office equipment. During 2009, its first year of operations, office equipment was purchased at a cost of $14,000.
loin cabinetry produces two models of home shelving the basic-super and the mega-super. data on operations and costs
The slowing economy in 2000 combined with Home Depot's aggressive expansion efforts was the reason for Home Depot's poor financial performance.
Assess how a company's accounting and financial reporting is likely to be impacted by the work being done by the EITF on this issue.
The Athletic Accountant Company produces exercise equipment for accountants. Its main product, the Pencil-Pusher Push-Up Platform, is sold with a three-year warranty against defects. amount that should have appeared in warranty obligation
Philly Corp's stock recently paid a dividend of $2 per share (Do = $2), and the stock is in equilibrium. The company has a constant growth rate of 5% and a beta of 1.5. The required rate of return on the market is 15%
gummo company sells many products. guzmo is one of its popular items. below is an analysis of the inventory purchases
the balances in the perpeturla inventory accounts of hillsdale manufacturing corporation at the beginning and end of
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows.
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