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Explain the types and payment patterns of notes. Provide examples of current types of notes.
If a firm has fixed cost of $30,000, a price of $4.00, and a breakeven point of $15,000 units, the variable cost per unit is:
Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation.
A company has net income of $180,000, a profit margin of 7.5 percent, and an accounts receivable balance of $119,370. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables?
Innovation, Inc., a 501(C) (3) medical research organization, makes lobbying expenditures of $1.1 million. Innovation incurs exempt purpose expenditures of $15 million in carrying out its medical research mission.
The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.
If the patent is to be written off over a 10-year period, at what amount should it be reported on consolidated statements at December 31, 2012?
Provide for a general definition of the income statement, its purpose as well as its relation to the Balance Sheet and Cash Flow statements
Robin Bradley received a paycheck from her employer in the amount of $776.35. The paycheck stub indicated that in calculating her $776.35 net pay, $139.75 had been withheld for federal income tax, $34.25 for state income tax and $74.65 had been wi..
Do you think this makes sense? How much of the internal control details should the managers know given that they will have to sign documentation attesting to the efficiency of internal controls?
What is zero working capital? How would you define zero working capital? When would this be used? Would this model be applicable to all organizations? Explain your answer.
Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units. Compute the factory overhead controllable variance.
On December 31, 2011, Vacker owed $30,800 to Carper. There have been no changes in Carper's common stock account since the acquisition. If the equity method had been applied by Vacker for this acquisition, what are the consolidation entries needed..
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