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Frantic fast foods had earnings after taxes of $390000 in the year 2009 with 300000 shares outstanding. On January 1, 2010, the firm issued 25000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 20 percent. Compute earnings per share for the year of 2009? Compute earnings per share for the year of 2010?
The manufacturing operations of REason,inc had the following balances for the month of January: Compute the cost of goods sold.
On August 31, 2008, Devs Autoparts Company sold $8,000 worth of parts to Metro Repair Company. The terms of the sale were n/90. Devs receivable policy is to start charging interest of 9% (annually) on all balances over 90 days. Interest is accrued..
A lawyer allocates overhead costs based on his hours working with different clients. The lawyer expects to have $200,000 in overhead during the year and expects to work on clients' cases for 2,000 hours during the year.
What is a point of sale system? Does a point of sale system increase or decrease the likelihood that cash will be stolen by employees? Explain.
Hastings purchased $20,000 of goods that were shipped on December 27. FOB destination, that will be received by Hastings on January 3. Determine the correct amount of inventory that Hastings should report.
Which one of the following is an agency cost? a) accepting an investment opportunity that will add value to the firm b) increasing the quarterly dividend
Burich Co. reported proceeds from short-term (non-payables) notes of $2.5 million, proceeds from long-term borrowings of $6.8 million,
Sales were $15 million and actual warranty expenditures were $20,000 for the first year of selling the product. What amount should Right report as a liability at the end of the year?
For this activity you will describe your state's laws on garnishments. In a separate paragraph, explain why you think that garnishments are necessary or what other alternatives to garnishments may be available.
Dressler Engine Tuning just decided to save money each year for the next 4 years to help fund a new building. If it earns 5.5 percent on its savings, how much will the firm have saved at the end of year 4?
Building an Income Statement, During the year, the Senbet Discount Tire Company had gross sales of $1.06 million. The firm's cost of goods sold and selling expenses were $525,000 and $215,000, respectively. Senbet alo had note payable of $800,000...
What was the total amount of manufacturing costs assigned to the 5,000 units in the ending work in process?
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