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An alumnus of a small university donated $150,000 to establish a permanent endowment for scholarships. The first scholarships were awarded 5 years after the money was donated. If the amount awarded each year is $15,000, determine the rate of return earned on the fund.
Purchasing at the EOQ recommended level, what are the relevant total costs?
Fraud is more than just the intentional misstatement of financial statements. What are other areas where they may be fraud risk that are perhaps not on the level of financial statement misstatement?
Prepare journal entries necessary for Crane during 2007 and 2008 to account for the transactions described above.
How is tax basis calculated and what effect does tax depreciation have on the computation of the gain or loss on the disposition of a capital asset?
Noting that depreciation can be taken only on the building, Carter favors placing a very high proportion of the cost on the warehouse itself, thus reducing taxable income and income taxes. Ankara, his supervisor, argues that the allocation should ..
A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is:
Angel's net income for the year ended December 31, 2009, was $6 million. The income tax rate is 20%. What is Angel's basic earnings per share for 2009, rounded to the nearest cent?
The subsidiary still possesses 40 percent of this inventory at the current year end. Top had established the transfer price based on its normal markup. What are the consolidated sales and cost of goods sold?
Prepare a chart of the flow of costs form the processing department accounts into the finische gooss accounts and then into the cost of goods sold account. The relevant accounts are as follows:
Explain the impact of occupational fraud and abuse on the company. Explain the four potential corruption schemes to be aware of within the company?
Now that Bob has a better understanding of financial ratios, he's anxious to begin comparing last year's performance with this year'sperformance. What initial advice should Mark offer?
Last year Bizmart had credit sales of $32 million and a net profit margin of 8%. If Bizmart had accounts receivable of $4.5 million, what was the length of the receivables conversion period?
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