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"A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will equal 20% of revenue. What annual growth rate (rounded to the nearest 1%) in revenue would yield a total profit of $15,000 for years 2009-2015 for this situation. Enter just the number; e.g., 65%".
If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2004, what are the dividends in arrears that should be reported on the December 31, 2007, balance sheet? How should these dividends be reporte..
Cameron Bly is a sales manager for an automobile dealership-Does the warranty accrual decision create any ethical dilemma for Bly? Since warranty expenses vary, what percent do you think Bly should choose for the current year? Justify your response.
Barnett Corporation owns an office building that cost $900,000. Barnett has taken $600,000 of depreciation on the building. The property is subject to a $600,000 mortgage. The office building has a current FMV of $400,000.
In recording 400 fees earned on account during a single month, how many times will it be necessary to write Fees Earned.
1) What are the tax advantages and disadvantages of the C corporation form of doing business . List at least 2advantages and 2 disadvantages. Explain each item on your list with an example.
department g had 3210 units one-third completed at the beginning of the period 13877 units were completed during the
1.ely purchased a patent with a remaining legal life of ten years from backo on january 1 2010 for 300000. ely expected
the accounting records of dolphin company revealed the following information total manufacturing costs 600000
Charles River Company has just sold a bond issue with 10 warrants attached. The bonds have a 20-year maturity, an annual coupon rate of 12.0 percent, and they sold at their $1,000 par value.
soldrum company is considering automating its production facility. the initial investment in automation would be 12.54
The main trouble with variable costing is that it ignores the increasing importance of fixed costs in manufacturing companies. Do you agree? Why?
briarcrest condiments is a spice-making firm. recently it developed a new process for producing spices. the process
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