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Question - Last year Central Chemicals had sales of $205,000, assets of $127,500, a profit margin of 5.3%, and an equity multiplier of 1.2. The CFO believes that the company could reduce its assets by $21,000 without affecting either sales or costs. Had it reduced its assets in this amount, and had the debt ratio, sales, and costs remained constant, by how much would the ROE have changed?
a. 1.81%
b. 2.02%
c. 2.44%
d. 2.22%
Assume the same information in RE11-3, except that Albany Corporation purchased the asset on April 1, Year 1. Calculate the depreciation for Year 1 and Year 2 using the double declining balance method (round to the nearest dollar).
The services are delivered continuously over a 1-year period commencing on 15 May 2020. How should the revenue be recognised
Discuss the likelihood of success on the bank's claims against the properties.
A Balance Sheet as on that date after making the necessary adjustments.
paymore products places orders for goods equal to 80 of its sales forecast in the next quarter. the sales forecasts for
a) Solve for the company's break-even point in unit sales using the equation method. b) Solve for the company's break-even point in dollar sales using the equation method and the CM ratio.
Prepare the appropriate journal entry for each transaction or event, applying ASC 825-10 recognition
Gala Limited enters into an agreement with the shareholders of Wada Limited on 1 April 2021 to acquire a controlling interest. What is the date of acquisition
Question - Briefly discuss the basic differences between financial accounting and managerial/cost accounting
In your opinion, what key elements about Coca-Cola's campaign made it so successful and why?
Refer to the above data. If Harper Co. retires $10 million of these bonds by purchasing them from bondholders at current market price, the company will report:
Once you have developed all the steps to follow in each case and the amount of the items, make the official payroll of the administrative assistant.
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