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Webb Co. acquired 100% of Rand Inc. on January 5, 20011. During 2011, Webb sold goods to Rand for $2,400,000 that cost Webb $1,800,000. Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold?
Illustrate what are the consequences of not telling the president of our gross miscalculations, both ethical and non-ethical? Are there other ethical implications or issues that you and the president need to consider in this situation?
What is uncle Bruce's plantwide overhead rate? Compute the departmental overhead rates for uncle Bruce's three production lines. Round all answers to nearest cent.
Determine the firm's cost of retained earnings and the cost of new common equity and determine the break-point associated with retained earnings.
The wholesale cost of a video game is $459,45. The original markup was 51% based on selling price. Find the final sale price after the following series of price changes:
Merchandise inventory and which of the following items should be included in a company's inventory at the balance sheet date?
Elucidate how the choice of the type of responsibility center affects behaviour. You should support your discussion by using real world examples.
some will argue that KMPG inappropriately subordinated its judgements to Xerox preferences. How could accounting firms ensure that auditors do not subordinate their judgements to client prefernces on other audit engagements?
Which one would you choose and describe what is meant by the term,Internal Rate of Return.
The balance in Phillips Company's investment account on 31st December, 2003, was $54,000.
Organize journal entries to reflex how the transaction and events would be recorded for governmental fund statements and government-wide statements.
Determine the company degree of operating leverage. and Using the degree of operating leverage, estimate the impact on net income of a 5% increase in sales.
Given the enormous responsibilities CFOs hold, they should have a good understanding of those deliberate frauds on the part of employees. Could you name some common types of frauds? What controls can CFO place to prevent them?
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