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(Learning Objective 1: Explain how to organize a corporation) Jessica Johnson and Claudia Stein are opening a Submarine’s deli. Johnson and Stein need outside capital, so they plan to organize the business as a corporation. They come to you for advice. Write a memorandum informing them of the steps in forming a corporation. Identify specific documents used in this process, and name the different parties involved in the ownership and management of a corporation.
block company issued a 20000 10 year bond on 712008 when the market rate was 6.5. assume that the accounting year of
Determine the total depreciation to be taken over the useful life of the delivery truck for both book and tax purposes. Explain why depreciation for book and tax purposes will generally be different over the useful life of a depreciable asset.
jensen company forecasts a requirement for 200000 pounds of cotton in may. on 11th april the company acquires a call
The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.8666. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was cost of the machine to Jenks?
The cash flow statement categorizes like transactions for optimal reporting - Operating activity and Investing activity (I)
Compute the companys return on assets ratio, profit margin ratio, and asset turnover ratio, both with and without the new product line and discuss the implications that your findings in part (a) have for the company"s decision.
Journalizing the stock transactions of a company - Journalize the stock transactions of Edmond Company in 2008.
accounting treatment for errors and corrections.effects of errors show how the following independent errors will affect
Build a decision framework - What is going to be the basis for my decision?
If the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, how much is the amount of gross profit for the year?
What is the total of budgeted cash collections for December? How much is the book value of accounts receivable at the end of December? How much is the income (loss) before income taxes for December? What is the projected balance in inventory on Decem..
Throughout the course, you have covered the various forms of financial ratio analysis. In this problem, you will bring together these various financial analysis measures and interpret their meaning in order to draw conclusions about various com..
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