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A proposed new investment has projected sales of $825,000. Variable costs are 55% of sales and fixed costs are $187,150 per year. Depreciation is $91,000 and the corporate tax rate is 35% what is the projected net income in 1 year?
oil products company purchases an oil tanker depot on january 1 2014 at a cost of 2400000. oil products expects to
Federal Income tax refund
a company bought a machine that has an expected life of 7 years and no salvage value. management estimates that this
Compute the overhead rates using the activity-based costing approach. Determine the difference in allocation between the two approaches.
Cash operating expenses total $60,000 per month and are paid when incurred. Monthly depreciation amounts to $18,000.
which is the following is a characteristic of current liability? a. a current liability is a liability due within 30
in 2003 connor inc. a calendar year c corporation announced its intention to construct a manufacturing facility in the
Include tests of transactions after the balance sheet date as well as tests of transactions during the year under audit. Show
the management of freshwater corporation is considering dropping product c11b. data from the companys accounting system
last year sales were 140000 net operating income was 65000 and average operating assets were 300000. if sales next
chan and fox have been able to reduce the companys fixed costs by eliminating certain unnecessary expenditures and
explain the authority of the sec and state boards of accountancy with respect to auditors and the auditing
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