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if the net income after taxes is $35,700 for FIFO and $29,400 for LIFO, how much higher is the manager's bonus if FIFO is adopted? The tax rate is 30% and the bonus rate is 20%.
Midland Oil has $1,000 par value bonds outstanding at 8 percentinterest. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is:
serta carpet which manufactures carpet incurred the following costs for march when 2600 yards of carpet were produced
Andover, Inc. had a gross margin for the month of February totaling $42,000. They sold 5,000 units during the month at a sales price of $20 per unit. What was the amount of Cost of Goods Sold for the month?
a company normally sells its product for 16 per unit. however the selling price has fallen to 12 per unit. this
Record the second acquisition of McKenzie stock.
1. discuss the relevance and pertinence of ethics to business?2. discuss how total human development becomes an issue
the city of martinville had the following pre-closing account balances in its general fund as of june 30 2012. debits
What is the correct accounting treatment for the purchase of a heat exchanger?
Best Rate Bank just issued some new preferred stock. The issue will pay a $10 annual dividend in perpetuity, beginning 10 years from now. If the market needs a 7% return on this investment
Indicate whether the imputed interest rules should apply in the following situations. Assume that all of the loans were made at the beginning of the tax year unless otherwise indicated. If an amount is zero, enter "0".
emeril corporation encounters the following situations1. emeril collects 1000 from a customer in 2010 for servicesto be
why are sales revenue and gross margin so important? how do they influence the profitability and value of the
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