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Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets of $7,000,000. The company's minimum required rate of return is 12%.
Required: What is the division's margin?
Identify which segments are significant enough to warrant disclosure in accordance with FASB No. 131, "Reporting Disaggregated Information about a Business Enterprise," by applying the following quantitative tests:
A parcel of land is offered for sale at $148,000, is assessed for tax purposes at $110,000, is recognized by its purchasers as being worth $138,000, and is purchased for $135,000. The land should be recorded in the purchaser's books at:
Explain why are companies with small levels of inventory usually unconcerned with the choice of variable or absorption costing?
new lithographic equipment acquired at a cost of 800000 at the beginning of a fiscal year has an estimated useful life
alliance company manufactures two products brushes and combs. the overhead costs have been divided into four cost pools
What are some key elements of Internal Controls? What are some of the key Internal Controls at your workplace and/or you are familiar with? Why do auditors have to review Internal Controls of an organization? - Answer 150-200 words
Discuss what we mean by the term "Corporate Social Responsibility".
Discount Sales sells some used store fixtures. The acquisition cost of the fixtures is $12,500, the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold for $4,500.The value of this transaction in the Inv..
Show how to report accounts receivable on the balance sheet at December 31, 2012. Use the long reporting format illustrated in the chapter.
Describe the risks which are faced by the firm. Evaluate the risk management measures available to firm.
Lilly County, faced with the prospect of declining revenues, decides it can save money by doing allprinting in-house. ?he county creates the Lilly Printing Fund (an Internal Service Fund)
presented below is information related tohanshew real estate agency.oct. 1nbspnbspnbsp pete hanshew begins business as
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