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Nestle company paid $130,000 for a machine used to mill oats. The annual contribution margin from boat sales is $60,000. The machine could be sold for $80,000. The opportunity cost of producing the oats is?
However, income statements do not reveal every aspect of a company's performance. Identify and describe two limitations of income statements.
Gannon, Inc., had 100,000 shares of common stock outstanding. During the current year, the company distributed a 10 percent stock dividend and subsequently paid a $.50 per share cash dividend Calculate the number of shares outstanding at the time ..
a major drug company anticipates that in future years it could be involved in litigation regarding perceived side
Discuss why a buyer may want to order on a bill and hold basis. Why might a seller want to classify an order as bill and hold if it does not meet the above criteria?
for the year beta had beginning total liabilities of 30000 and ending total liabilities of 20000. during the year total
The fixed costs are $450,000, andMorino is in the 30% corporate tax bracket. What are the sales(dollars) required to earn a net income (after tax) of$25,000?
federal semiconductors issued 11 bonds dated january 1 with a face amount of 880 million on january 1 2013. the bonds
a. Estimate pension expense for 2006 assuming that the pension plan assumptions remain unchanged from 2006, service cost is 10% of beginning of year PBO and that the prior service costs and transition assets are being amortized over 20 years.
do you think budgetary accounting and budgetary reporting is a good thing? does it fulfill the original purpose for
The following information was taken from the records of Roland Carlson Inc. for the year 2007. Income tax applicable to income from continuing operations $187,000-Prepare a single-step income statement for 2007. Prepare a retained earnings statemen..
Frogger Company uses a job order cost accounting system. On January 1, $15,000 of direct materials and $3,500 of indirect materials were requisitioned for production. Prepare the general journal entry to record this requisition.
growth rates. find the sustainable and internal growth rates for a firm with the following ratiosasset turnover is 1.40
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