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Packages-2-Go has two divisions, air express and ground service, that share the common costs of the company's communications network, which are $4,970,000 a year. You have the following information about the two divisions and the common communications network: Required: What is the communications network cost that is charged to each division if the number of calls is used as the allocation basis? (Do not round intermediate calculations. Round final answers to the nearest dollar amounts.) What is the communications network cost to each division using time on network as the allocation basis? (Do not round intermediate calculations. Round final answers to the nearest dollar amounts.)
Explain, using various examples, the causes of deferred tax assets and deferred tax liabilities under US accounting rules.
On December 1 of the current year, Jordan, Inc., assigns $125,000 of its accounts receivable to McLaughlin Company for cash.
a business using the retail method of inventory costing determines that merchandise inventory at retail is 375000. if
On May 10, J&J Corporation declared the annual cash dividend on its 9,500 shares of preferred stock and a $5 per share dividend for the common shareholders. The dividends will be paid on June 15 to the shareholders of record on May 30.
Nike, Inc., with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions.
present value what is the present value of a. 8000 in 10 years at 6 percent? b. 16000 in 5 years at 12 percent? c.
Prepare a memo to Susan Apple, a tax partner for whom you are working, with the recommended treatment for the disputed income.
On January 1, 2009, Grills and Grates Inc. purchased equipment for $30,000. The company is depreciating the equipment at the rate of $400 per month. At January 31, 2010, the balance in Accumulated Depreciation is
Choose one of your favorite movies. What elements of editing were used? How do you think those elements influence viewer response or affect the rhythm and pacing of the film?
1. Kim Co. purchased goods with a list price of $182,100, subject to trade discounts of 30% and 20%, with no cash discounts allowable. How much should Kim Co. record as the cost of these goods?
the following journal entry summarizes for the current year the income tax expense of wilsons software warehouse of the
anderson co reported cost of goods sold of 322 million andaccounts payable of 83 million for 2003. in 2002 cost of
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