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The Shim Refrigerator Co. shows the following records for the period ended December 31, 19A:Materials purchased$ 550,000Inventories, Jan. 1, 19A:Materials$ 20,000Work-in-process$ 200,000Finished goods1,000 unitsDirect labor$1,050,000Factory overhead (40% variable)$ 750,000Selling expenses (all fixed)$ 500,750General and administrative (all fixed)$ 385,230Sales (7,500 units at $535)Inventories, Dec. 31, 19A:Materials$ 50,000Work-in-process$ 100,000Finished goods1,000 unitsAssume that finished goods inventories are valued at the current unit manufacturing cost.
Mary bought 100 share of Ford Motor Company stock in 2008 at $40 per share. It is now values in 2010 at $50 per share. How much tax liability will Mary have when she submits her 2010 tax forms to the federal government?
the owner of a small business has asked you to prepare a statement that will show him where his firms cash came from
identify the little things 1-2 pages that could make a difference for both internal and external customers. there are
in its 2012 report volkswagen included the following cash-flow statement in millions20122011profit before
A local church is studying the amount of offerings in an envelope from their early Sunday mornings services. The church studied 500 envelopes and found the following:
How should earned but unbilled revenues at the balance sheet date on a long-term construction contract be disclosed if the percentage-of-completion (POC) method of revenue recognition is used?
arnold co. hues a job order cost accounting system. four jobs were started during the current year. the following is a
You Would like to make 43 equal payments over the next 21 years (The first payment to be made immediately all other payment to be made at 6 month internals, with the final payment to be made at he 21st. birthday. So that you will be able to cover ..
If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a yield to maturity (YTM) of 4.201%, what should be its price in the bond market (ie, PV)?
(a) Prepare the entry to record the interest expense at April 1, 2015. Assume that interest payable was credited when the bonds were issued (round to nearest dollar).
the financial statements for nike inc. are available at the appendix b link above. the following additional information
a company that records credit purchases in a purchases journal and records purchases returns in a general journal made
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