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A king in ancient times agreed to award the inventor of chess with one grain of wheat on the first of the 64 squares on a chess board. On the second square the king placed two grains, on the third square he placed 4 grains and on the fourth square he placed 8 grains of wheat. If the amount of wheat continued to double in this manner how many grains of wheat would there be on the 14th square? Also, find the total number of grains of wheat on the board at the time you get to square 14 and tell what their weight is in pounds. (Assume that each grain of wheat weighs 1/7000 of a pound).
In its applicable financial statements, Orange reported $4,000 in 2009, $24,000 in 2010 and $20,000 in 2011 as gross revenues. Explain how much of the $48,000 must Orange recognize for federal tax purposes in 2009, 2010 and 2011
The president of Felde Company is under pressure from stockholders to increase net income by $103,350 in 2012. Calculate the number of units sold in 2011.
Using any information you can obtain about this company and industry, write a report explaining this abnormal trend between the net income and the cash flow numbers and whether this should be a red flag to investors and creditors.
Evaluate the unit product cost for the month under variable costing and What is the unit product cost for the month under absorption costing?
Newell Corporation debited Prepaid Insurance for $720 on July 1, 2000 for a 1 year fire insurance policy. If the corporation makes monthly financial statements,
Log transformation when points do not seem to follow a straight line.
Evaluate each of the following ratios using the "unadjusted" data as provided in column "F". For additional practice, recompute the ratios using the data you generate for the other columns.
Hardwood reported net income of $150,000 while Pittstoni reported $90,000. Illustrate what is the noncontrolling interest in the 2010 income of the subsidiary?
Is it ethical to choose a transfer price for tax purposes that is different from the transfer price used to elucidate a business unit's performance?
Accounting treatment for errors and corrections - Income Statement and the stockholder's equity section of the Balance Sheet using the symbol (O/S) for overstated, (U/S) for understated, and (N/E) for no effect.
Determine the total flexible budget materials variance and indicate whether it is favorable or unfavorable and Calculate the materials price variance and indicate whether it is favorable or unfavorable.
Shown below are CVP income statements for each alternative. Illustrate which alternative would produce the higher net income if sales increased by $100,000?
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