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An investor is currently fully invested in gold mining stocks. Which action would do more to reduce portfolio risk: diversification into silver mining stocks or into automotive stocks? Why?
Construct in good form the operating activities section of the companys statement of cash flows for the year using the direct method.
ot-for-profits are required to classify assets into three categories, restricted, temporarily restricted and unrestricted. Explain why would this requirement exist for NFP organizations
Use the following information to determine the economic order quantity for Albert Company. Units required during the year 10,000. Cost to place an oder $60. Cost of carrying a unit in inventory $10
On January 1, 20Y8 Smith Company sold land to ASP, Inc. and accepted a 2 year, $500,000 face value note as payment. 6% interest is due each December 31. ASP's market rate of borrowing is 12%. Smith Company originally purchased the land for 80,000 in ..
For each of the following transaction for New Idea Corporation, prepare the adjusting journal entries required on July 21. (if no entry required Write "no journal entry required".
The corporate office has two office administrative assistants who are paid salaries of $56,000 and $40,000 annually.
In 1983 the Bell Telephone System, which operated as AT&T, was broken up, resulting in the creation of seven regional telephone companies. AT&T stockholders received shares of the new companies and the continuing AT&T, which handled long distance se..
What are the five basic principles of cash management that a company can follow in order to improve its chances of having adequate cash?
Consider how the world of business interacts with the legal realm. What skills does a non-legal person need as an employee? What legal training do you feel a businessperson needs in order to make good decisions? Please refer to U.S. Bureau of Labor S..
Edenton Boat Company manufactures small pleasure boats on an assembly-line basis. The units are started in the Department A. On July 1 of this year, the Work-in-Process inventory of the department A consisted of 200 units 100% complete as to material..
An employee earned $43,600 during the year working for an employer when the maximum limit for Social Security was $117,000. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes am..
Prepare a multiple-step income statement combined with a reconciliation of retained earnings for the year ended December 31, 2008.
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