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Laurel Corporation owns it cafeteria with the following annual costs: Food $100,000
Food Preparation Labor 75,000
Overhead 110,000
The overhead is 40% fixed. Of the fixed overhead, $25,000 is the salary of the cafeteria manager. The remainder of the fixed overhead has been allocated from total company overhead. The company is considering outsourcing its cafeteria services. Assuming the cafeteria supervisor will remain with the company and that Laurel will continue pay his/her salary if outsourced, the maximum cost Laurel will be willing to pay an outside firm to provide cafeteria service is?
Diamond company borrowed $500,00 from a bank on Jan. 1, 2007 in order to expand its mining capabilities. the five-year note required annual payment of $ 130,218 and carried an annual interest rate of 9.5%.
Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software.
You can bullet point your procedure for count and value-answer does not have to be a very long answer but well thought out.
Keshena Co. borrows $170,000 cash on November 1, 2009, by signing a 120-day, 7% note with a face value of $170,000. How much interest expense results from this note in 2009?
purchased incubators for the nursery for $47,300 from unrestricted resources. (assume straight line deprecation on all hospital capital assets).
a company is trying to decide which of two new product lines to introduce in the coming year. the company requires a 12
Inventory transactions.
What accounting factors are important before determining whether a pending lawsuit should be accrued as a liability and reflected in the financial statements?
NewDrugs, Inc., an international corporation, has identified a list of expenditures it believes to be intangible assets. Which items would be recognized as assets under US GAAP? Which items would be capitalized under IFRS?
a company is negotiating with the bank for a 200000 90 day12 loan effective july 1 of the current year. if the
following are all of the december 31 2014 balance sheet accounts of mccrery companyaccounts
How much gain or loss does Sam recognize; what is his basis in the property he received; and what is his remaining basis in the partnership interest?
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