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Dresden, Inc. has four departments. Information about these departments is listed below. If allocated maintenance cost is based on floor space occupied by each, compute the amount of maintenance cost allocated to the Cutting Department. Maintenance Cutting Assembly Packaging Direct costs $18,000 $24,000 $64,000 $39,000 Sq. ft. of space 750 1,250 2,250 2,500 No. of employees 7 3 7 7 $2,269. $18,000. $3,750. $6,000. $3,474.
What is your estimate for 2008 sales($)? What is your estimate of 2008 profits after tax? What is the percentage increase in 2008 profits after tax vs 2007 profit after tax of $110 Million?
an aging of a companys accounts receivable indicates that 4500 are estimated to be uncollectible. if allowance for
an auditor was appointed to the audit of bid inc. bid subsequent to bids year-end date. bid is in the business of
List and describe one advantage and one disadvantage of raising external funds with debt, preferred stock, and common stock.
M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, balance sheet, what amount of liability for compensated absences is M required to report?
Short term debt has a few advantages such as the economical advantages of obtaining it at a short notice, the flexibility of being able to meet financial needs, and the possibility of renewal by extension.
Suppose Barry had doubled its sales as well as its inventories, accounts receivable, and common equity during 2004. How would that information affect the validity of your ratio analysis?
determine a petty cash fund? list two ways a business would maintain controls over petty cash? list two procedures you
The contribution margin of the finished products is $6 each. Inventory carrying costs are $0.40 per unit per day. What is the change in the daily contribution margin if the change is made?
presented below and on the next page are the ?nancial statements of rajesh company. rajesh company comparative balance
How is business use of car tax deducted?
Prepare the journal entries for these transactions, assuming that the common stock has a par value of $3 per share. Prepare the journal entries for these transactions, assuming that the common stock is on-par with a stated value of $2 per share.
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