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Fairfax company uses weighted -average process costing to account for it productio cost. Direct labor is added evenly thourghout the process. Direct material are added at the beginning of the process. During September , the company transferred 735,000 units of product of finished goods. At the end of September, the goods in process inventory consists of 207,000 units that are 90% complete with repect to labor. Begining inventory had 244,920 of direct material s and 69,098 of direct labor cost. The direct labot cost added in September is 1,312,852 and the direct material cost added is 1,639,080.
the stock of company xyz is currently price at 80 per share. its earnings this year t0 are 4.00 per share. it has paid
The cash flow of a firm which is available for distribution to the firm's creditors and stockholders is called the
How a long-term asset is depreciated can have a rather sharp result, especially for capital-intensive companies. As a result, should property be assigned a life and basis based on its economic value or on its physical life expectancy?
What would be the impact on the balance of accounts receivable if the firm initiates a more aggressive collection policy and is able to reduce the average payment period to 60 days for those customers not taking the cash discount?
Pet Inc. decides, since interest rates were low that it was time to retire bonds with a maturity value of $1,000,000. The bonds were callable at 100 but the market price right now is 92. Pet Inc. decides the best course of action would be to purchase..
Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2011, recording any necessary amortization and reflecting all balances accurately as of that date.
chess company uses lifo for inventory costing and reports the following financial data. it also recomputed inventory
write a 400- to 500-word paper in which you differentiate between valuation depreciation amortization and depletion. is
Prepare the appropriate journal entries for fiscal 2007. Assume the marina operator is unsophisticated in business. Explain the managerial significance of the accounting above to this person.
Events in the world of corporate finance during the past few years have shown the importance of transparent and accurate financial reporting by businesses.
bull suggest how ups management can use the real-time variance data analysis to improve operations.bullevaluate the
Should intangible assets always be amortized over their legal lives? Explain. What are the basic issues related to accounting for intangible assets?
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