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Problem - Company had a sale of 112,760 for the year ended 2014. The cost of goods sold for the same period was 85,300. If the operating expenses were recorded as selling expense of 6,540 and G&A of 9,400, what will be the 'operating profit' of the company? If the bank note interest was 850 and the bond interest was 2,310, what will be the 'net profit before taxes'? Calculate the 'net profit after taxes' considering a tax value of 3,344. Also Calculate the EPS and DPS, if the outstanding shares in 2014 are 1,300 and the dividends paid in 2014 on common stock was 2,800?
Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions.
an 80-room motel forecasts its average room rate to be 68.00 for next year at 75 occupancy. the rooms department has a
The postal service of St. Lucia, an island in the West Indies, obtains a significant portion of its revenues from sales of special souvenir sheets to stamp collectors.
The estimated uncollectibles under the percentage-of-receivables basis is $5,100. Prepare the adjusting entry
Exercise - Analyze the AICPA Rules of Professional Conduct and the IMA Code of Professional Conduct for Managerial Accountants
Describe the general procedure of forecasting pro-forma income statement and balance sheet as we discussed in class and what would you recommend for Amazon Shares?
How would membership in one of these organizations benefit you? Think about what you want to do long-term. Do you want to be a general accountant?
Indiana Jones Corporation enters into a 7-year lease of equipment on January 1, 2014, Prepare Indiana Jones' January 1, 2014, journal entries
analyze and explain the weaknesses within mf global and how it led to this crisis. make a recommendation as to how
Explain/discuss the value of the stage-gate process of new product development-What is a project charter and a contract book? Explain/discuss their purpose and how they are related to each other?
After 3 years of renting Sally decides to sell the house. The house sells for $175,000. What is Sally's gain or loss
Analyze the business transaction and journalize the transaction - Doing it in a different order would make it very difficult to verify the necessary checks and balances to make sure you will balance the sheet at the end.
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