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Questions -
Q1. Flitter reported net income of $23,500 for the past year. At the beginning of the year the company had $212,000 in assets and $62,000 in liabilities. By the end of the year, assets had increased to $312,000 and liabilities were $87,000. Calculate its return on assets?
a. 26.0%.
b. 35.7%.
c. 7.5%.
d. 9.0%.
e. 11.1%.
Q2. Savvy Sightseeing had beginning equity of $82,000; revenues of $120,000, expenses of $75,000, and withdrawals by owners of $10,000. Calculate the ending equity.
a. $37,000.
b. $27,000.
c. $127,000.
d. $45,000.
e. $117,000.
Prepare Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. Manufacturing overhead cost applied to Work in Process
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Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. Indigo Company produces one product, a putter called GO-Putter.
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How many units they should sell next period to achieve their target profit? Address and explain this to the management of Lesley Company.
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List five reasons why an establishment would initiate staff training to enhance customer service. How is a SWOT analysis used in planning quality service?
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How to calculate minimum number of Jars? Zytel Corporation produces cleaning compounds and solutions for industrial and household use.
Based on your knowledge of COSTING: How should the fixed costs be handled in the bidding approach to this project, or any other project
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