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You've a project budget of $500,000. The project is a 10 month project and the budget analyst planned to spend $50,000 per month on the project. At month 6, you review the project status and you realize the project is 40% complete. Assume you are at the end of month 6 and will include month 6's work into your EV calculation. The project has spent $425,000 to date. Using the formulas from your book, answer the following questions:
Calculate the following values:
• PV
• EV
• AC
• SV
• CV
• BAC
• EAC
• CPI
• SPI
Prepare the appropriate adjusting entries for Brooks as of December 31, 2010, to reflect the application of the "fair value" rule for both classes of securities described above.
On June 1, 2013, Madison notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1, 2013. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 3..
Carson Inc., a retail establishment, expects sales of $500,000 of a particular item in March. Its gross profit percentage is 60 percent.
What are the successful-effort and full-costing methods? What are the effects on balance sheet and income statement?
(1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount and (2) explain how the Accounting Equation is impacted.
(a) Compute the amount of gain or loss to Ludwig, Inc. on the transfer (disposition) of the land. (b) Compute the amount of gain or loss to Ludwig, Inc. on the settlement of the debt.
Which of the following products is more likely to be costed and controlled under a Job Order Costing system, rather than a Process Costing system?
JJ Gargoyle Company is preparing their budget for next year. COGS sold has been estimated at fifty percent of sales. Product purchases and payments are to be made during the month preceding the month of sale.
If an investor is offered an opportunity to invest $500,000 in a new restaurant and he calculates the present value of this investment to be $400,000 using his standard discount rate of 15%, the IRR on this potential investment would be:
At December 31, 2009, M's unadjusted balance of liability for compensated absences was $30,000. M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, ..
directions answer all five questions. please submit your work in word or pdf formats only. you can submit an excel file
Evaluate taxable income and income taxes payable. Prepare the journal entries for income tax expense, income taxes payable, and deferred taxes.
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