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Question: CVP and Financial Statements for a Mega-Brand Company Procter & Gamble Company is a Cincinnati-based company that produces household products under brand names such as Gillette, Bounty, Crest, Folgers, and Tide. The company's 2011 income statement showed the following (in millions):
Suppose that the cost of products sold is the only variable cost; selling, general, and administrative expenses are fixed with respect to sales. Suppose Procter & Gamble has a 10% decrease in sales next year and there is no change in costs except for decreases associated with the lower volume of sales. Compute the predicted operating income for Procter & Gamble and its percentage decrease. Explain why the percentage decrease in income differs from the percentage decrease in sales.
Barry is a 30% partner in partnership capital, profits and losses. What is Barry's adjusted basis for the partnership interest at the end of the year
(b) Property, plant, and equipment:
Identify the essential elements of a contingent liability. Explain how a contingent liability should be disclosed in the financial statements.
Which of the above items are likely to be reported on Amalgamated's external financial statements, and which items will be combined behind the scenes? Prepare the journal entries that Amalgamated Textiles would record, and show any computations.
Determine if goodwill is impaired at the end of the year, and if so the amount of the impairment
George Lynch invests $4,394 cash in a small welding business of which he is the sole proprietor.
Solve for the company's break-even point in unit sales using the equation method
prepair a complete statement of cash flows using above pictures. report its operating activities using the indirent
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machinery purchased for 124280 by carver co. in 2008 was originally estimated to have a life of 8 years with a salvage
Describe at least two career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics
What circumstances would motivate Grackle to do so. Draft a letter to Helen Carlon, Grackle's controller
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