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For August McGuire manufactering estimated sales revenue at $200,000. It pays sales comissions that are 4% of sales. The sales managers salary is $95,000, estimated shipping expenses total 1% of sales, and miscellanes selling expenses at $5,000. How much are budgeted selling expenses for the month of september if sales are expected to be $180,000?
"It is impossible to use DCF methods for evaluating investments in research and development. There are no cost savings to measure, and we don't even know what products might come out of our R&D activities."
The company has three activity cost pools and applies overhead using predetermined overhead rates for each activity cost pool. Estimated costs and activities for the current year are presented below for the three activity cost pools:
John and Susan also provide more than half of the support of John's cousin who does not live with them. Susan's father, who died on January 6, 2007, at age 90, has for many years qualified as their dependent. How many personal and dependency exemp..
All else constant, what would Digby's SG&A/Sales ratio be if the company had spent an additional $1,500,000 for Daft's promotional budget and $750,000 for Daft's sales budget? Depreciation 10,617,000, (SG&A) R&D 2,622,200, Promo-5,600,000, sales, 4,1..
You own a portfolio that is 38 percent invested in Stock X, 22 percent in Stock Y, and 40 percent in Stock Z. The expected returns on these three stocks are 10 percent, 15 percent, and 12 percent, respectively.
The amount that should be shown as Atwater's diluted earnings per share for 2011 (rounded to the nearest cent) is:
The single audit requirements apply only to state and local governments. Private not-for-profits do not have to comply with these requirements, even if they receive federal grants.
secular electric has total equity of 560000 sales of 2250000 current assets of 700000 and total liabilities of 435000.
All direct materials are placed in process at the beginning of production. Prepare a cost of production report, presenting the following computations:
Greg, a cash method of accounting taxpayer, owns 100 shares of Parker Corporation stock with a basis of $20,000. Greg receives two liquidating distributions of $8,000 on March 3 of last year, and $8,000 on August 8 of this year. The amount of the ..
Messier company is planning to finance several projects and wants you to determine the cash inflows and outflows of the following bonds. (the market interest rate for Messier company is 8 percent.
Define the term expenditure and distinguish between that term and the following terms: expense, disbursement, encumbrance and other financing use.
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