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The management of furrow corporation is considering dropping product Lo7E. data from the company's accounting system appear below: Sales $830,000, Variable expense $365,000, fixed manufacturing $291,000, fixed selling administrative $160,000. in the company's accounting system all fixed expenses of the company are fully allocated to products further investigation have revealed that $186,000 of the fixed manufacturing expenses and $106,000 of the fixed selling and administrative expense are avoidable if product Lo7E is discontinue . what would be the effect on the company overall net operating income if product Lo7E were dropped?
you are required to prepare an audit plan for a federal department or agency. you will research and select a federal
Buttercup company 12% bonds, par $50,000, dated March 1, 2010, purchased at par plus accrued interest, interest payable annyally on March 1, due March 1 2030 was 52,000. Prepare the entry to accrued interest on December 31,2010?
NEWCO Inc. had current earnings and profits of $50,000 when it made a nonliquidating distribution to an individual shareholder of land that NEWCO Inc. held for use in its business.
Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depre..
Describe in your own words what "segregation of duties" is in an AIS context. Explain how MYOB can assist in the implementation of separation of duties
Prepare the company's journal entry to record the credit card sales for April 13 assuming the company deposited the receipts that same day.
Suski Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). What was the variable overhead spending variance for the month?
Prepare the appropriate journal entry to be made by Bayfield Company for the first lease payment. Prepare the journal entry to record the lease agreement on the books of Josh inc. on January 1, 2008
discuss and differentiate straight line method of depreciation and accelerated
The accountant found an unpaid Invoice for 3900 for advertising services on behalf of the company. The advertising campaign had been planned and advertising contracts signed before the year-end, but the campaign took place just after the year-end.
in regards to the provisions of the federal securities acts do you feel the securities acts of 1933 and 1934 were
Finally, Giovanni estimates that he needs to withdraw $55,000 from the business (as dividends) to cover his own personal living expenses this year. Will Giovanni have enough cash to get through the year? What is his budgeted cash balance on Decemb..
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