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Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,205,100. Depreciation and amortization was $885,200, interest expense for the year was $881,200, and selling general and administrative expenses totaled $1,578,100 for the year, and cost of goods sold was $9,482,000 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? In the form of a decimal.
You are involved in your CPA firm’s first audit of Zorostria, a retailer of artwork, primarily paintings and photographs purchased from artists in Southeast Asia. Discuss difficulties you should anticipate in planning the observation of physical inve..
explain and Identify the reason for any two of the five components of internal control and provide examples of how your two selected components of internal control will meet the goal of safeguarding assets and promoting ethical business practices..
Barrus Corporation makes 46,000 motors to be used in the productions of its power lawn mowers.
Great Lakes statutory tax rate for 2010 is 35%. Illustrate what is Great Lake’s effective tax rate?
An individual retirement account, or IRA, earns tax-deferred interest and allows the owner TO INVESTarrow-10x10.png up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.6%..
select a publicly quoted company. obtain the annual report 10-k of the company for the immediate past year. an
Compute the expected ROI in 2013 with the following independent changes to actual data. Variable cost of goods sold is decreased by 6%. - Average operating assets are decreased by 10%.
The owner of a new restaurant has a costly ad campaign in the works for a new restaurant. The new place is still working out the buigs. They've only been open a month or so. The owner will dedicate the full advertising resources to the new restaurant..
1.Assume that Amazon.com sells the MacBook Pro, a computer brand produced by Apple. Amazon arranges its operations such that customers receive products from Apple Stores rather than Amazon.
bob and mary have been married for 25 years. they are both college professors. mary 50 years of age makes 65000 yearly
The ABC Company reported $350,000in cash and cash equivalent on their 12/31/2014 balance sheet. Which of the following would not be included in the $350,000 balance? The ABC Company factored, without recourse, $40,000 of accounts receivable to the La..
Narmadha Narayan distributes electronic parts. Most transactions with customers are immediately paid with cash or check. But, Narayan has five major customers that have established accounts. Prepare a subsidiary accounts receivable ledger account fo..
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