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The following accounts and corresponding balances were drawn from Geneses Company's 2014 and 2013 year-end balance sheets:
The 2014 income statement is shown below:
Income Statement:
Sales .......... $420,000Rent expense ....... (52,000)Utilities expense ...... (45,300)Other operating expenses ......(195,000)Net income ........ $127,700Required:
a. Prepare the operating activities section of the statement of cash flows using the direct method.
b. Prepare the operating activities section of the statement of cash flows using the indirect method.
The Doral Company manufactures and sells pens. Currently, 5,000,000 units are sold per year at $0.50 per unit. Fixed costs are $900,000 per year. Variable costs are $0.30 per unit.
The types of risk an organization faces can be divided into four different categories - Determine the allocation of revenue from bundled services
Why is it important to investigate both price (rate) and volume (efficiency) variances when rewarding employees for satisfactory work when performance evaluations are based on meeting budgets?
Explain how management determined that only 4.7 million of new options would be granted in exchange for the 14.3 million options tendered. In other words, why might management be reluctant to grant 10.0 million of the new options?
The following data are available for Jupiter Consultants for the year just ended:
Calculate the Present Value of salary differential for completing the certification program. Subtract thecost of the program to get the NPV ( net present value) of undertaking the certification program and how much will her monthly instalments be i..
Gabby's Wedding Cakes creates elaborate wedding cakes. Calculate the break-even point for a month in units. How many cakes must be sold to earn a monthly profit of $10,000?
Evaluating product line costs and prices using ABC - Determine the cost of each product line using ABC.
Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making?
Prepare an analysis of the financial impact of the exhibition on the Ruthmueller Museum, assuming attendance is 10,000. Does offering the exhibition appear to be a good decision from a financial standpoint?
steve morgan controller for newton industries was reviewing production cost reports for the year. one amount in these
Hunter Company is in the planning phase for a major plant expansion, which will involve the construction of a new warehouse. The construction is expected to take approximately 18 months and cost $1.8 million. The construction will be financed with a ..
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