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Heaters, Inc. provided the following budgeted information for March through July:
·Heaters estimates that it will collect 30% of its sales in the month of sale and 70% in the month after the sale. ·General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Heater pays operating expenses in the month incurred. ·The income tax rate is 30%.How much is budgeted net income for May?
you are a management analyst for xyz aircraft manufacturing company. your company is considering either to use
Why does a company choose to form as a corporation? What are some of the advantages and disadvantages of the corporate form of doing business?
Corporate inversion allowed corporations to shelter profit in foreign parent corporations and as a result pays little or no tax, hence 26% declined in federal tax revenue. Explain using relevant source
prepare the proper adjusting journal entries for the abc company. assume all entries are made at year end december 31
The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2013 balance sheet reported the following: cash, $1,340,000; prepaid expenses, $400,000; noncurrent assets, $2,800,00..
On January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. Prepare the journal entry at the date of the bond purchase.
flip earns a salary of 7500 per month during the year. fica taxes are 8 on the first 100000 of gross earnings. federal
Calculate the average returns on small-company stocks and u.s. treasury bills. Calculate the variances and standard deviations of the returns on small-company stocks and u.s. treasury bills.
The shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital, and (d) total stockholders' equity?
middot explain the advantages of the four different special journals? when would you use each type?middot what
For many months your prospective ERP customer has been analyzing the hundreds of assumptions built into the $800,000 ERP software you are selling. So far, you have knocked yourself out to try to make this sale.
based on predicted production of 19000 units a company anticipates 9500 of fixed costs and 25650 of variable costs. the
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