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Bramble Corp.'s trial balance at the end of its first month of operations reported the following accounts and amounts:
Cash $10780
Prepaid insurance 490
Accounts receivable 2450
Accounts payable 1960
Notes payable 2940
Common stock 4900
Dividends 490
Revenues 21560
Expenses 12250
Question 1: What Total credits on Bramble Corp.'s trial balance are?
Amar sold the remaining 100,000 pounds during 2011 at the market price of $.72. What amount of revenue should Amar recognize in 2010?
Assume a capital structure where stock is 50% and costs 14%, bonds are 40%, what is the weighted average cost of capital when taxes are 25%
Which of the subsequent groups constitute a controlled group? (Any stock not listed below is held by unrelated individuals every owning less than 1% of the outstanding stock.) For brother-sister corporations, which definition applies?
Calculate the flexed budget and the key variances between budgeted and actual results. Reconcile the original budget and present the relationship between the budgeted and the actual profit for the month November.
Your company has the opportunity to invest $75,000 in a new project opportunity but due to cash flow concerns, your boss wants to know when you can pay back the original investment. Calculate how long it should take to pay back the initial project in..
A credit balance in the Manufacturing Overhead account at the end of an interim month means that: The balance should be reported as a prepaid expense in the monthly balance sheet. The formula for computing a predetermined overhead rate is: A producti..
Long Co. issued 100000 shares of $10 part common stock for $1200000. A year later Long acquired 12,000 shares of its own common stock at $15 per share. Three months later Long sold 6,000 of these shares at $19 per share. If the cost method is used to..
Explain why one portfolio made up of the same companies and why can another portfolio can be undesirable in comparison
Elroy had been with Barnes Machine Company a year since finishing a BS in industrial engineering (IE). Barnes had been in business for over 50 years, but the company had only recently moved from Detroit to Gainesville, Georgia. The public reason for ..
Compute the correct net income figure for each of the four years after taking into account the inventory errors.
Use the contribution margin approach to evaluate Peyton Travel's new break-even point in tickets sold. How does this compare to your answer in part
Mozena Corporation has collected the following information after its first year of sales. Sales were $1,500,000 on 100,000 units; selling expenses $250,000 (40% variable and 60% fixed); direct materials $511,000; direct labor $290,000; administrative..
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