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Question - Oriental Rug Company ships six handmade rugs valued at $5,000 each on consignment to Consign Design. Oriental Rug Company pays $1,000 of shipping costs and agrees to accept the return of any rugs within six months of the shipping date. Oriental Rug Company also agrees to pay Consign Design a commission of 10 percent for any rug sold. At the end of five months, Consign Design has sold four of the rugs for a total price of $38,000. Determine the total inventory and revenue value reported by Consign Design at the end of the five months?
Henry's is a chain of 45 coffee shops. The standard amount of ground coffee per cup is .75 ounces. During the month of October, the company sold 320,000 cups of coffee (reported via electronic cash registers), and the 45 shops reported using 15,80..
Bubba Gump, Inc. currently has $200,000 of equity. Gump has three options. Which option will provide the greatest return on equity for Gump
Acquirer purchases 100% of target by issuing additional stock to purchase target shares. Compute the accretion/dilution per share.
The company paid out $550,000 in interest expense. The tax rate is 21% and the dividend payout ratio is 30%. What is the amount that was paid out in dividends
Classify the Taxable Income entries on the Adjusted Trial Balance to complete using the included resources
The common fixed expenses were $40,000 and operating income for the flipflop company was $30,000. The segment margin for the flip division was
St. Joseph hospital has overall variable costs of 30% of total revenue and fixed costs of 42 million per year. Compute the break-even point expressed in total revenue.
Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However, investors expect Simpkins.
What is an electing large partnership? What are the advantages to the partnership of electing to be taxed under the electing large partnership rules
Briefly describe some similarities and differences between GAAP and IFRS with respect to the accounting for liabilities.
Sandblasting equipment acquired at a cost of $85,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years.
Explain your understanding of opportunity cost by addressing the following: Construct an example of an opportunity cost
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