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Ruth Company manufactures ZEBO through two processes: blending and bottling. In June, raw materials used were Blending $18,000 and Bottling $4,000.Factory labor costs were Blending $12,000 and Bottling $5,000. Manufacturing overhead costs were Blending $6,000 and Bottling $2,500.The company transfers units completed at a cost of $19,000 in the Blending Department to the Bottling Department.The Bottling Department transfers units completed at a cost of $11,000 to Finished Goods. Journalize the assignment of these costs to the two processes and the transfer of units as appropriate.
doaktown products manufactures fishing equipment for recreational uses. the miramichi plant produces the companys two
A business issued a 120-day, 6% note for $10,000 to a creditor on account. The company uses a 360-day year for interest calculations. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, includ..
some of the risks that a u.s. based mnc can encounter in its foreign investments arei- an increase in the cost of
30-day T-bills are currently yielding 8 percent. Current interest rate premiums: Inflation premium: 5% Liquidity premium: 1% Maturity risk premium: 2%: Default risk premium: 2% Calculate the real risk-free rate of return.
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To estimate the intrinsic values of an equity or debt security using present value theory you need to know:
the annual rental was $12,000, and there was a BPO option, how would your answer to part (a)change?
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
an auditor was appointed to the audit of bid inc. bid subsequent to bids year-end date. bid is in the business of
the schroumldinger science store operates a retail store in a local shopping mall.the results of operations for the
Top management has decided the transfers between the two divisions should be at $19. Compute the effect of the transfer on the net income for the Battery Division, Automotive Division, and the total company
For March, sales revenue is $800,000; sales commissions are 4% of sales; the sales manager's salary is $80,000; advertising expenses are $75,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $2,100 plus 3/4 of 1% of ..
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