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During 2010, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $450,000, $110,000, and $150,000, respectively. In addition, the company had an interest expense of $88,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) a. What is Raines's net income for 2010? (Input the amount as a positive value.) b. What is its operating cash flow?
the questions in this exercise are based on fedex corporation. to answer the questions you will need to download fedexs
Defer intercompany profits on merchandise sales when appropriate and eliminate the double counting of sales between affiliates.
list one reason why managers analyze financial statements. briefly discuss how a manager would analyze the statements
1. the maturity date of a note receivableis the day the note is due to be repaid. is the day the note was signed. is
murray company purchased 26800 in direct materials from bartunek company terms 210 n30. prepare the journal entry to
The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment. Compute the book value of Vega at Janua..
Instructions, (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30.
explain the differences in creating budgets for the following entities manufacturing non-manufacturing serviced based
fiberform industries produces a line of motorboats. the assembly department programs computerized equiptment to shape
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which equation measures the total budget variance?aq ap - sp.sp aq - sq.sq ap - sp.aq ap - sq
stillwater designs rebuilds defective units of its s12l7 kicker speaker model. during the year stillwater rebuilt 7500
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