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Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,205,100. Depreciation and amortization was $885,200, interest expense for the year was $881,200, and selling general and administrative expenses totaled $1,578,100 for the year, and cost of goods sold was $9,482,000 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? In the form of a decimal.
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The production of each TV set requires 1.5 direct labor hours. The average cost of each direct labor hour is $10.50. If scheduled production for May is 2,000 TVs, what will be the total budgeted cost of direct labor?
John-Bob's share of losses from Partnership Z during 2010 was $60,000. How much is John-Bob at risk for Partnership Z on January 1, 2011?
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prepare the general journal entry to update depreciation to july 1 2009. 2. prepare the general journal entry to record
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