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Preparation of collection forecast form sales - Find the collection forecast for June?
Prepare a variance analysis report with both flexible-budget and sales-volume variances.
Elucidate net income would Ravine Corporation have reported for each of the years, assuming Ravine accounts for the intercorporate investment using (1) the cost method and (2) the equity method?
The net income after taxes is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. Explain how much higher is the manager's bonus if FIFO is adopted instead of LIFO?
Evaluate the unit product cost for the month under variable costing and What is the unit product cost for the month under absorption costing?
Prepare the journal entry under basis 2, assuming that Chester Company did not remit payment until July 29.
Disclosure of notes payable in financial statements - How much of the $1,000,000 notes payable could be classified as present in Reeds balance sheet at December, 2007?
What income tax expense should appear on the consolidated income statement if each company files a separate return? Assume that the tax rate is 30 percent.
Panther co. had a warranty liability of $350,000 at the beginning of 2011, and $310,000 at the end of 2011. Warranty expense is based on 4% of sales, which were $50 million for the year. What were the warranty expenditures for 2011?
Analysis of various Discounted Cash Flow methods - Why do many operating managers still use payback and accounting return on investment despite their drawbacks?
Computation of Common stock dividend - the common stockholders should receive 2008 dividends totaling
Compute sales level required in both dollars and units to earn $210,000 of after-tax income in 2010 with the machine installed and no change in unit sales price. Assume that the income tax rate is 30%.
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