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Janus Corporation has in stock 43,700 kilograms of material L that is bought five years ago for $6.10 per kilogram. This raw material was purchases to use in a product line that has been discontinued. Material L can be sold as is for scrap for $3.23 per kilogram. An alternative would be to use material L in one of the company's current products, E99D, which currently requires 2 kilograms of a raw material that is available for $9.45 per kilogram. Material L can be modified at a cost of $0.62 per kilogram so that it can be used as a substitute for this material in the production of product E99D. However, after modification, 3 kilograms of material L is required for every unit of product E99D that is produced. Janus Corporation has now received a request from a company that could use material L in its production process. Assuming that Janus Corporation could use all of its stock of material L to make product E99D or the company could sell all of its stock of the material at the current scrap price of $3.23 per kilogram, what is the minimum acceptable selling price of material L to the company that could use material L in its own production process?
For both companies, as of the end of 2009, the existence of a LIFO reserve demonstrates that LIFO inventory is less than it would have been if FIFO had been used. For both companies, compute the ratio of LIFO inventory/FIFO inventory for 2009 endi..
The Pima and Southern Railroad (PSRR) is a small railroad operating in rural Arizona. It exists by carrying freight to remote areas of the southwest. This year the PSRR needs to replace a 30-mile section of its track. The PSRR has bids from a cont..
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If operating lease commitments are considered equivalent to debt, what percentage of the American's debt is represented by the lease liabilities?
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Which of the following is not considered actual receipt or "constructive receipt" of income in the current year? Which of the following does not have to be included in gross income?
Discuss the financial impact of SOX and consider its effect on economic growth and enterprise.
Crawford Company has the following equivalent units for July: materials 10,000 and conversion costs 9,000. Production cost data are:
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Determine the inventory value using both the temporal and current methods. Show how this will be reflected on Royal Tea's statements and the consolidated statements of U.S. Beverages. Use the following information for this calculation:
Prepare a statement of cash flows (indirect method)for walker corportion for 2010. The 2010 and 2009 balanccer sheets of walker corporation follow. the 2010 income statement is also provided.
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