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A department has budgeted monthly manufacturing overhead cost of $270,000 plus $3 per direct labor hour. If a flexible budget report reflects $522,000 for total budgeted manufacturing cost for the month, the actual level of activity achieved during the month was ??
Find the present value of rs.2000 due in 6 yrs if money is worth compounded semi-annually ascertain the present value of an amount of rs.8000deposited now in a commercial bank for a period of 6 yrs at 12 % rate of interest.
What is the difference between collecting taxes and paying taxes?
Prepare the estimated bad debts assuming that doubtful accounts are estimated to be (1) 7% of gross accounts receivable and (2) 1% of net sales
What are retained earnings? What items increase the balance in retained earnings? What items decrease the balance in retained earnings?
The estimated liability for litigation is classified as noncurrent and the installment accounts receivable are classified as $500,000 current and $500,000 noncurrent. The income tax rate is 30% for all years.
China Corp. has a current capital structure of $18 million in secured bonds paying 6.5% annual interest, $8 million in preferred stock with a par value of $50 per share and an annual dividend of $3.80 per share
The 2008 annual report for Fortune Brands, the seller of Pinnacle golf balls and MasterLock padlocks,disclosed that 750 million shares of common stock have been authorized.
Prepare the elimination entries for the preparation of a consolidated statements workpaper on December 31, 2010 assuming the cost method.
What general business factors should be considered when choosing between the branch and subsidiary forms of doing business in the United States?
1) List and explain three advantages to leasing for a lessee. 2) List and explain two disadvantages to leasing for a lessee.
Gluten Corporation has the following information pertaining to its Century Division for this year.
With a restricted policy, current assets will be 15% of sales. Under a relaxed policy, current assets will be 25% of sales. What is the difference between the projected ROEs between the restricted and relaxed policies?
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