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Questions -
Q1) Towson Manufacturing had a Work in Process balance of $74,000 on January 1, 2018. The year end balance of Work in Process was $72,000 and the Cost of Goods Manufactured was $785,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.
Q2) During FY 2019, Dorchester Company plans to sell Widgets for $14 a unit. Current variable costs are $7 a unit and fixed costs are expected to total of $132,000. Use this information to determine the number of units of Widgets for Dorchester to breakeven.
Q3) During FY 2019, Dorchester Company plans to sell Widgets for $11 a unit. Current variable costs are $4 a unit and fixed costs are expected to total of $174,000. Use this information to determine the dollar value of sales for Dorchester to breakeven.
dual effects on balance sheet equation and journal entries. assume that during 2008 a u.s. retailer engages in the
How did the fraudulent accounting just described affect the current ratio?
badger recorded 500000 of net sales for the year of which 2 is estimated to be uncollectible. identify and analyze the
You decide that you will address Smackey Dog Food, Inc.'s accounts receivables through confirmations. Discuss the various types of confirmations and what forms you will implement and why.
If the dividends on preferred stock are one year in arrears , how will the total dividends be divided between the common and preferred stock
Prepare the entries to record the declaration and the distribution of property dividends, assuming that there is no change in the selling price of inventories
List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.
In a memo to your new assistant, Susan Thompson, explain to her the similarities and differences between financial and managerial accounting.
If a company sells goods that cost $70,000 for $82,000, the firm will: A. reduce Finished-Goods Inventory by $70,000. B. reduce Finished-Goods Inventory by $82,000.
On February 24th, they paid $1,000 towards the debt. How much did they owe on April 10th when the note can due
Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described
Describe how an auditor independence could be impaired if she performed IT design and implementation functions for her audit client. Likewise, how could an auditor involvement with internal audit outsourcing impair her independence with respect to..
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