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Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Compute the division's return on assets?
What is the estimated payback period for the proposed investment, under the assumption that cash inflows occur evenly throughout the year?
A company purchases packaging materials, as well as a new packing and storage warehouse where these materials will be used. Should the materials and warehouse be classified as current or fixed assets?
Write a 350-word response regarding the differences between the direct and indirect presentation of cash flows. Why does the Financial Accounting Standards Board allow both methods? Which do you prefer? Why?
On Dec.1 declared a $0.50 Per share cash dividend to shockholders of record on Dec.14, payable January 10, 2010. Why is cash and Paid in capital from Treasury stock, both debit?
afton co. purchased 24000 of 4 10-year davis county bonds on july 12 2012 directly from the county at par value. the
When purchasing merchandise on account for say $88,000, but you pay $67,000 cash on the $88,000 due. Your sales are $145,000, and the ending inventory is $24,000 what would the gross profit be?
a variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited
mike barton owns barton products inc. the corporation has 30 employees. barton corporation expects 800000 of net income
The gross margin that the company would disclose on an absorption-costing income statement is:
some disclosure notes are not always applicable to every business. However some are required to be included with financial statements. Which disclosures are required?
Tom and Jerry are considering forming a partnership. Both taxpayers use the calendar year and are cash basis taxpayers. The partnership will not be a tax shelter.
at the end of 2013 an error was made in the physical count of inventory at carter corporation which resulted in ending
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