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(Material purchases budget) Gap'O has projected sales of 325,000 hospital gowns in October. Each gown requires 2.5 yards of fabric. Th e beginning inventory of fabric and gowns, respectively, are 5,000 yards and 21,000 gowns. Gap'O wants to have 4,550 yards of fabric and 15,800 gowns on hand at the end of October. The fabric comes in 15-yard bolts. If Gap'O has no beginning or ending Work in ProcessInventory, how many bolts of fabric must the company purchase in October?
Suppose you borrowed $20,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment?
Your contracting activity negotiated a $7,500,000 sole-source contract with the Williams Corporation about eight months ago. After the close of negotiations, Williams signed a Certificate of Current Cost or Pricing Data. During an audit for a follow-..
Kelso Co. receives $479,000 when it issues a $479,000, 8%, mortgage note payable to finance the construction of a building at December 31, 2010. The terms provide for semiannual installment payments of $30,660 on June 30 and December 31.
aggie co. purchased equipment on january 1 2004 at a cost of 650000. the asset was estimated to have a 12-year life
At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000...
prepare journal entries to record the following transactions related to long-term bonds of quirk co.a on april 1 2009
1. calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table like Exhibit 10.11 for the bonds' life. 3. Prepare the journal entries to record the first two interest payments.
what information do i need to consider when doing an income statement and the following has occured one client had
determine the amount of taxable dividend nontaxable distribution and capital gain for the distributions made in each of
costello corporation manufactures a single product. the standard cost per unit of product is shown below.direct
Wynne is unable to pay any of the capital deficiency. If the income sharing ratios are 5 : 3 : 2, respectively, how much cash should be paid to L. Mitchell?
What is the variable cost per unit (rounded to the nearest penny)? What are the total fixed costs?
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