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Problem
On December 31, 2012, Raben Company's total current assets were $300,000 and its total current liabilities were $170,000. On January 1, 2013, Raben paid $10,000 on accounts payable.
Required:
a) Compute Raben's working capital before and after paying the account payable.b) Compute Raben's current ratio before and after paying the account payable.
Accumulated Depreciation-Equipment 61,271 and Accounts Receivable 60,000. What is the net book value for fixed assets
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The Icelandic Company reported an adjusted net operating profit after taxes (NOPAT) of $27,550 in 2008. In this year the cost of capital was 16.5% and their adjusted investment was $235,000.
Calculate the bond values for the three bonds using the built-in PRICE function in Excel. Draw your conclusions based on the above sensitivity analysis results.
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he IRS audited Samuel's return and included the $500,000 contingency fee in gross income. At the same time, Samuel was allowed a miscellaneous deduction (subject to the 2% floor) for the fee paid to the attorney. The IRS adjustment caused a tax defic..
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What amount should G charge to compensation expense for the year ended December 31, 2009?
The Amount Budgeted factory overhead 675,000 Budgeted machine hours 20,000 Actual direct labor cost 482,000 Budegeted direct labor costs 450,000 If the company uses estimated direct labor costs as its activity base Whats the overhead application r..
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