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Panther co. had a warranty liability of $350,000 at the beginning of 2011, and $310,000 at the end of 2011. Warranty expense is based on 4% of sales, which were $50 million for the year. What were the warranty expenditures for 2011?
Evaluate what markup percentage is the company using, Total fixed costs will decrease and fixed cost per unit will decrease.
Briefly discuss accounting and securities market differences between these two methods of increasing the number of shares outstanding.
Explain what conclusions the auditors may draw from the above information, assuming the sample was selected: Using nonstatistical sampling. As part of a difference estimation plan for estimating the total population value.
Shortly thereafter, Brenda sells 10 shares to Aquarius for $200.00 in an exchange that had been agreed to in the preceding year. What result to both Ann and Brenda? What if Brenda sold 11 shares versus 10 shares?
Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable.
A review of Parrish Corporation's accounting records found that at a volume of 90,000 units, the variable and fixed cost per unit amounted to $8 and $4, respectively. On the basis of this information, illustrate what amount of total cost would Par..
Ohio Corp. reported a deferred tax liability of $6,000,000 for year ended 31st December, 2012, when the tax rate was 40%. The deferred tax liability was related to a brief difference of $15,000,000 caused by an installment sale in 2012.
The division is dropped, the staff will be laid-off, with the exception of one person who will be assigned to another job. Her salary is $45,000. Should the division be dropped?
Calculation of average issue price and sale price of common stock and prepare balance sheet of Herman Corporation on December 31, 2008
Journalization of transactions for production costs as like of raw materials, labor, processing and overhead using transferred goods data and details.
Prepare the stockholders’ equity section of the company’s balance sheet at the end of the current year. Assume Resisto Systems’s common stock is trading at $ 24 per share and its preferred stock is trading at $ 107 per share at the end of the curre..
The market price of Scornick's common stock subsequently declined by 40 percent.
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