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What do you think the role of government should be in society and the economy. For example what services should the government provide? What should be left to the private sector? How active a role do you think the government should be in smoothing out business cycles?
Prepare an acquisition analysis and the consolidation journal entries necessary to prepare consolidated accounts for the year ending 30 June 2015 for the group comprising Koala Ltd and Kingfisher Ltd
This budget's focus is solely on attending college; do not include personal items in the budget. Your budget must include tuition, books, supplies, fees, food, housing, and all costs associated with travel to and from college.
The Morris Corporation has $400,000 of debt outstanding, and it pays an interest rate of 10% annually. Morris's annual sales are $2 million, its average tax rate is 40%, and its net profit margin on sales is 5%. If the company does not maintain a TIE..
Calculate the following ratios at December 31 2008 acid-test ratio and rate of return on total assets
BHS Inc. determines that sales will rise from $300,000 to $500,000 next year. Spontaneous assets are 70% of sales and spontaneous liabilities are 30% of sales. BHS has a 10% profit margin and a 40% dividend payout ratio. What is the level of requi..
Perfect Auto Rentals sold one of its cars on January 1, 2013. Perfect had acquired the car on January 1, 2011, for $23,400. At acquisition Perfect assumed that the car would have an estimated life of three years and a residual value of $3,000 . Prepa..
What is Elaine's net capital gain or loss? Draft a letter to Elaine describing how the net capital gain or loss will be treated on her tax return. Assume Elaine's income from other sources puts her in the 35% bracket. Elaine's address is 3000 Ire..
Hart Manufacturing operates an automated steel fabrication process. For one operation, Hart has found that 45% of the total throughput (manufacturing cycle) time is spent on non-value-added activities. Delivery cycle time is 12 hours, waiting time du..
Blue Co. has a patent on a communication process. The company has amortized the patent on a straight-line basis since 2009, when it was acquired at a cost of $53 million at the beginning of that year. What is the appropriate patent amortization expen..
Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking. Calculate the margin of safety reporte..
Are employees considered assets in the financial statements? Why or why not? Discuss in what sense Southwest considers its employees to be assets.
Fuller Company builds swimming pools. Fuller budgets that they will build 13 pools during the month of April at a price of $20124 per pool. Actual pools built by Fuller during April were 16 pools at a price of $20740 per pool. What is the Sales Volum..
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