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1.Salud Company reports net income of $400,000 for the year ended December 31, 2013. It also reports $80,000 depreciation expense and a $20,000 gain on the sale of machinery. Its comparative balance sheets reveal a $40,000 increase in accounts receivable, $6,000 increase in accounts payable, $12,000 decrease in prepaid expenses, and $2,000 decrease in wages payable. Required:Prepare only the operating activities section of the statement of cash flows for 2013 using the indirect method.
Prepare a contribution format income statement segmented by divisions, as desired by the president and would you recommend the increased advertising? Show computations to support your answer.
Determine if Jane is exempt or non-exempt under the FLSA. For the week in question, determine how many hours she worked. Is she eligible for overtime pay?
What are the expected annual savings form a lock-box system that collects 300 checks per day averaging $800 each, and reduces mailing and processing times by 3.0 and 1.5 days respectively, if the annual interest rate is 7 %?
Explain the logical flow represented in the master budget, beginning with the organization goals and ending with the pro forma financial statements.
Belinda Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.
The accounting industry has been wrestling with changing the rules regarding operating and capital leases.
Simon Company's year end balance sheets follow. Express the balance sheets in common size percents. Round amounts to the nearest one tenth of a percent.
you are the vice president of operations for a small manufacturing company that uses the absorptive method of
The following information pertains to pandey manufacturing company for March 2012. Assume actual overhead equaled applied overhead.
Define an investment philosophy and strategy. Analyze investment philosophies and strategies in terms of risk, time horizons, and market timing.
In that event, what would you expect to happen to the costs of cakes - measure of complexity is the number of tiers in the cake.
Find the contribution margin per haircut. Assume that the barbers compensation is a fixed cost and what will be the operating income if 20,000 haircuts are performed?
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