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Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $885000. The company produces 300000 wheels and 600000 seats each year. Each wheel uses 2 parts, and each seat uses 3 parts. How much of the assembly overhead should be allocated to wheels?
the parent had 40% of the inventories still on hand. The consolidation adjustment entry (excluding tax effects) will eliminate unrealised profit amounting to
Determine the deficit or surplus on foreign exchange transaction as at 30 June 2019. Zai Bhd acquired a specialized machine EUR40,000
Peter and Paul are partners with capital balances of P300,000 and P200,000, respectively. Prepare the entries upon the admission of Mary
Comment on the proper accounting treatment of the three items above and Provide a corrected balance sheet for Julius Corporation.
Five rights were required to subscribe for each new ABC common share at a subscription price of $23 a share. What is value of a right on first day of ex-rights
Safe Division has a WACC of 6%. Safe Division has a new project that is similar to their usual projects. What rate should they use when evaluating new project
Williams & Sons last year reported sales of $12 million, cost of goods sold (COGS) of $10 million, how much cash will be freed up
Mauro Products distributes a single product, a woven basket whose selling price is $28 and whose variable expense is $22.12 per unit. The company’s monthly fixed expense is $16,464. Solve for the company’s break-even point in unit sales using the equ..
On December 20, 2008, an employee filed a legal action against Baylor for $100,000 for wrongful dismissal. Management believes the action to be frivolous and without merit. The likelihood of payment to the employee is remote.
Johnson Corporation received cash on a customer's account. The journal entry to record this transaction would involve. Explain in detail.
An investor has to make a payment of 250,000 GBP (British Pounds) at an exchange rate of $1.6000/GBP. How much does the investor gain or loss
You have a potential project for which you want to establish a value regardless. What is the value today of this option to expand in one year?
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