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Last year the company sold 10000000 lollipops for $1000000. The variable costs were $350000 and the net profits were $100000. Administration has directed management to double profits in the next year. Assignment: Determine the Number of lollipops that must be sold to reach this target.
carter corporation applies manufacturing overhead on the basis of machine-hours. at the beginning of the most recent
If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2004, what are the dividends in arrears that should be reported on the December 31, 2007, balance sheet? How should these dividends be reporte..
Kim owns 100% of the stock of Cardinal Corporation. In the current year Kim transfers an installment obligation, tax basis of $30,000 and fair market value of $200,000, for additional stock in Cardinal worth $200,000.
Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
gentry inc. acquired 100 of gaspard farms on january 5 2010. during 2010 gentry sold gaspard farms for 625000 goods
Smithson corporation had a 1/1/08 balance in the allowance for doubtful accounts of $10000. During 2008, it wrote off $7200 of accounts receivable and collected $2100 on accounts previously written off.
East, Inc. had beginning inventory of $10,000, purchases of $25,000, and ending inventory of $5,000. What is East's cost of merchandise sold?
one of the constraints of conceptual framework for financial reporting informationis material if its omission or
land enterprises has purchased new equipment on a long-term payment plan. the contract calls for land to pay 50000 at
during 2011 stockton inc. reported net income of 4000 declared and paid a cash dividend of 2000 and issued common stock
A new ice cream machine has been added to Dairy Queen - It is expected to add $100,000 in sales in year 1 increasing by $25,000 per year thru year 10 ( 10years total) what is the present value of these future sales if interest is 8%
What is XBRL? How will it effect financial reporting? Please Explain. What are the main types of accounting software used in a restaurant setting or organization? What are the benefits and limitations of this software? Please Explain.
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