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Castine reports net income of $305,000 for the year ended December 31, Year 2. It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet reveals a $40,200 increase in accounts receivable, a $10,200 decrease in prepaid expenses, a $15,200 increase in accounts payable, a $12,500 decrease in wages payable, a $75,000 increase in equipment, and a $100,000 decrease in notes payable. Calculate the increase in cash for Year 2.
bubbas crawfish processing company uses a traditional overhead allocation based on direct labor hours. for the current
Explain the differences between revenue expenditures and capital expenditures during a useful life and identifying any similarities.
The prepaid insurance involves a 3-year fire insurancepolicy that was purchased (and went into effect) on January 1,2007. By the end of the year, apportion of the insurance policy had been used up.
Kendra is a self-employed taxpayer working exclusively from her home office. Before the home office deduction, Kendra has $5,000 of net income. Her allocable home expenses are $10,000 in total. How are the home office expenses treated on her curre..
KK Company bought the delivery truck for $62,000 on January 1, 2009. They installed the rear hydraulic lift for $8,000 and paid sales tax of the $3,000.
x company manufactures a single product and estimates its total variable manufacturing costs each month. it is
at december 31 2014 indigo girls company has outstanding noncancelable purchase commitments for 43920 gallons at 4.35
Suppose that in 2010, Global launches an aggressive marketing campaign that boosts sales by 15%.However, their operating margin falls from 5.57% to 4.50%. Suppose that they have no other income, interest expenses are unchanged, and taxes are the s..
To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive?
browse the internet to acquire a copy of the most recent annual report for publicly traded company.examine the
nautical accessories inc. manufactures womens boating hats. manufacturing overhead is assigned to production on a
Complete additional investigation on the JIT and EOQ models. Discuss which of the two inventory models is better and why: Economic Order Quantity or Just-in-Time?
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