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As an information-literate knowledge worker for a local distributor of imported foods and spices, you've been asked to prepare a customer mailing list that will be sold to international cuisine restaurants in your area. If you do so, will you be acting ethically? Suppose you don't consider the proposal ethical. What will you do if your boss threatens to fire you if you don't prepare the list? Do you believe you would have any legal recourse if you didn't prepare the list and were subsequently fired?
If the East territory is discontinued, one sales manager (whose salary is $40,000 per year and is part of the fixed costs) will be relocated to the West territory. By how much would Green's income change if the East territory is eliminated? Recast..
What are some advantage of issuing common stock as opposed to bonds? What are some disadvantages?
Prepare the accounting records for Tanya's Tutoring Service (Version A), Set up the Chart of Accounts, Prepare the bank reconciliation for January 31, 2013
May return the computers and avoid paying for them because the contract was void under the theory of commercial impracticability.
Adams Sporting Goods sells bicycles throughout the southeastern United States. The following data were taken from the most recent quarterly sales forecast:
Dove Corporation had purchased the land as an investment three years ago for $375,000, and the land was distributed subject to a $270,000 liability. Alexandra took the land subject to the $270,000 liability. What is Alexandra's basis in the land?
Based on industry experience, warranty costs are estimated at 2% of sales in the year of sale, 4% in the year after sale, and 6% in the second year after sale. Sales and actual warranty expenditures for the first three-year period were as follows:
If you received the utility bill for $400 but the bill is not due until the 15th of the following month how would you journalize them? What account would be debited and what would be credited?
Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO and (3) average-cost.
The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. The cash collections in Sep..
The enacted tax rate is 25% in current and future periods. What will White record as its income tax expense in Year 1?
In 2009, Austin Powers Corporation developed a new product that will be marketed in 2010. In connection with the development of this product, the following costs were incurred in 2009:
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