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Luigi owns an Italian restaurant. He has experienced a few problems with recent deliveries from his suppliers and he seeks your advice.
(a) He orders 500 tins of Italian tomatoes. The supplier delivers 400 tins of Italian tomatoes and 100 tins of Greek tomatoes.
(b) He orders 10 kg of parmesan cheese, but the supplier delivers only 2 kg.
(c) He orders 50 kg of spaghetti. The supplier delivers 100 kg.
(d) He has a regular order with a local baker for 100 bread rolls to be delivered by 11 am every day. On one occasion the rolls do not arrive until 2 pm.
Moneybaggs hires you as her financial consultant How will you advise her?
Below is budgeted production and sales information for Flushing Company for the month of December:
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Dell Computer trades at a market-to-book ratio of 15.86. The industry M/B ratio is 9.5. Even though Dell's M/B ratio is high relative to the industry, this ratio may tell us nothing about whether Dell's stock will outperform or underperform i..
Using the activity base info in (a), determine the annual amount of payroll and purchasing costs charged back to the Residential, COmmercial, and Government contract divisions from payroll and purchasing services.
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Learning Objective
for each individual situation determine the amount that should be reported as cash. 1. checking account balance 937640
The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in..
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