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Henson Company began the year with retained earnings of $330,000. During the year, the company recorded revenues of $500,000, expenses of $380,000, and paid dividends of $40,000. What was Henson’s retained earnings at the end of the year?
Bulldog desires to earn 10% per year on the lease. Craig Company's incremental borrowing rate is 11%. Illustrate what is the amount of the annual lease payment?
Determine the number of shares used to compute basic earnings per share for the year and determine the number of shares used to compute diluted earnings per share for the year ended December 31, 2011.
Assume the mean useful life of a particular light bulb is 2,000 hours and is normally distributed with a standard deviation of 300 hours. Calculate useful life of light bulbs within two standard deviations of the mean.
But in order to grow you'll need to be able to keep the after- tax earnings. You also want to limit your liability. How will you structure your business and why?
Siburo Company issued $300,000, 11%, 10 year bond on January 1, 2010 for $318,694. This price resulted in an effective interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Siburo uses the effective interest met..
Prepare the journal entry to distribute available cash on January 1, 2011. Include a safe payments schedule as proper explanation of who should receive cash.
Lemaire sells its tools wholesale for $1.85 each; the average cost per unit is $1.83, of which $0.27 is fixed costs. If Lemaire were to accept Boisvert's offer, illustrate what would be the increase in Lemaire's operating profits?
If dividends payable was $85,000 at the beginning of the year and $90,000 at the end of the year, how much cash was paid in dividends during the year?
The options are exercisable as of September 13, 2010, for 32 million common shares at an exercise price of $56 per share. During 2011, the market price of the common shares averaged $70 per share. Calculate Berclair’s basic and diluted earnings pe..
Calculate depreciation on the drilling machine for 2011 and 2012 applying the typical U.S. GAAP treatment and repeat requirement 1 applying IFRS.
Merry land's had inventory balance $32 570 at close of accounting period. the following sales & purchases are for current period. Prepare general journal entries (ignoring GST) assuming: 1. a periodic inventory system is used 2. a perpetual inventory..
Compare the points made about the influence of the law on pricing decisions to your own.How were they similar or different?
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