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Companies often choose to keep an unprofitable product line, segment, or department. Why is this so? What reasons can you think of for why the company may decide to do so? Examples?
Calculate the price and mix variance for each material used, calculate the total material yield and total material usage variance.
An employee earned $43,600 during the year working for an employer when the maximum limit for Social Security was $117,000. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes am..
tto raise capital companies might sell bonds. this allows them to bypass lenders such as banks and go directly to the
Calculate the Revenues for Simpson Co. for April and describe why cash receipt from customers can be different from revenues.
Much money on sheet music as she did on cds. the total amount she spent fot the sheet , music and cds was one third of her monthly budget of $189. Explain how much money did mrs. perrin spend on sheet music?
"what are the main characteristics of intangible assets? Intangibles have either a limited useful life or an indefinite useful life. How should these two different types of intangibles be amortized?"
Determine the amount of retained earnings as of July 1 of the current year.- prepare an income statement for July, a retained earnings statement for July, and a balance sheet as of July 31.
Expenditures made to extend an asset's life are deemed revenue expenditures? Residual value is ignored under declining balance depreciation except for the final year? Goodwill equals the purchase price of a company over the fair market value of its n..
Purchases land having a fair value of $3000000 by issuing a 5 year, zero interest bearing promissory note in the face amout of $505,518. Pirchases equiemr by issuing a 6% 8 year promissory note having a maturity value of $400,0oo interest payable ye..
Chain Gang mass produces beaded necklaces. Production occurs in three sequential production? departments: Stringing,? Clasping, and Packaging. At the beginning of the period in? Clasping, 1,400 physical units were in beginning inventory. What percent..
Use the following information to compute profit margin for each separate company a through e.
All sales are subject to a 6% sales tax. Compute sales taxes payable and make the entry to record sales taxes payable and sales.
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