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Bluestem Supply does not does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $8,988. All sales are subject to a 7% sales tax. Compute sales taxes payable.
preparation of closing entries and statement of retained earnings.the adjusted trial balance for china tea company at
Calculate the amount that total benefits are projected to increase annually as a result of switching to a cellular manufacturing operation - What is the minimum acceptable price at which overall profit will not change?
Phil Emley owns a garage and is contemplating purchasing a tire retreading machine for $35,000. After estimating costs and revenues, Phil projects a net cash flow from the retreading machine of $5,000 annually for 11 years. Phil hopes to earn a retur..
Mains Corporation owns equipment with a cost of $290,000 and accumulated depreciation at December 31, 2014 of $150,000. It is estimated that the machinery will generate net future cash inflows of $165,000 on a present value basis. The machinery has a..
Calculate Dell's ROE for the years ended February 3, 2012, and January 28, 2011. Round your ratio answers to two decimal places, and your percentage answers to one decimal place.
Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value to obtain all of Vicker's outstanding stock. In this transaction (which is not a pooling of interests), how much goodwill should be recognized?
On February 17, Washburn Corporation acquired 2,800 shares of the 100,000 outstanding shares of Dan Co. common stock at $41.80 plus commission charges of $560. On July 11, a cash dividend of $0.65 per share was received. Using the cost method, journa..
The company is faced with the option of when to harvest the lumber. Whatever harvest cycle the company chooses, it will follow that cycle in perpetuity. Since the forest was planted 20 years ago, the options available in the case are 40-, 45-, 50, an..
Elucidate Bethlehem’s explanation of why it reduced its prepaid tax asset to zero. Find out whether Bethlehem’s explanation seem reasonable.
Prepare a schedule showing expected cash disbursements for merchandise purchases and selling and administrative expenses for each of the months October, November, and December. (Omit the "$" sign in your response.)
On December 31, 2014, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $104,855, accepting $41,100 down and agreeing to accept the balance in four equal installments of $20,550 receivable each December 31. An assumed intere..
Land, Buildings, and Machinery - Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.
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