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The management of Rocko's Pizzeria is considering a special promotion for the last two weeks of October, which is normally a relatively low-demand period. The special promotion would involve selling two medium pizzas for the price of one, plus 1 cent. The medium pizza normally sells for $12.99 and has variable expenses of $4.50. Expected sales volume without the special promotion is 600 medium pizzas per week.
Joyce's office building was destroyed in a fire (adjusted basis of $350,000; fair market value of $400,000). Of the insurance proceeds of $360,000 she receives.
The assets were so specialized that there was not an objective basis to determine a fair value. In cases like this, the FASB suggest that company record the asset at:
The new machine would cost $20,000 per year to operate and maintain, but would save $100,000 per year in labor and other costs. The old machine can be sold now for scrap for $50,000. The simple rate of return on the new machine is closest to:
One of the required proprietary fund financial statements is a:
Pete Hanshew begins business as a real estate agent with a cash investment of $15,000 in exchange for common stock.
Identify the authoritative literature that provides guidance on the zero-interest-bearing note. Use some of the examples to explain how the standard applies in this setting.
twizzlers candy company is considering a new manufacturing process to produce new strawberry twists. two processes have
For each of the following independent cases, prepare the journal entry that was made to record the admission of Shaw into the partnership.
irmas interiors uses a job order costing system to collect the costs of its interior decorating business. each clients
the following unadjusted trial balance is for adams construction co. as of the end of its 2011 fiscal year. the june 30
Variable selling and administrative expenses are $1 per unit, and fixed selling and administrative costs are $3,000 in total. According to generally accepted accounting principles, inventoriable cost per unit of Big would be:
Rica's Fleet Feet, Inc., produces dance shoes for stores all over the world. While the pair of shoes are boxed individually, they are crated and shipped in batches. What is the static budget and flexible budget number of crates for 2008?
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