Reference no: EM131268048
Abnormal spoilage is 155 units and normal spoilage is 620 units. Beginning work-in-process inventory consisted of 8,800 units; 24,000 units were started; and 26,600 units were completed this period. How many units are in ending work-in-process?
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Alternative minimum tax consequences
: Susan was granted 12,000 of stock options by her employer in 2010. Each option allowed Susan to purchase one share of her employer’s stock for $60 per share. On the date of the grant in 2010, the stock was selling for $48 per share. Please ignore alt..
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Determine the future value
: Determine the future value of $10,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1), Find i and n.
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What is your annual inventory turnover
: Suppose that your average inventory level is the same in all four quarters of your fiscal year. If your inventory turnover is 8 and your current ratio is 2 in each of those quarters, what is your annual inventory turnover?
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Work-in-process inventory
: There is no spoilage, the beginning work-in-process inventory is 9,650 units, and the ending work-in- process inventory is 5,250 units for the second department in a two department process. What is the number of units transferred in to the second dep..
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How many units are in ending work-in-process
: Abnormal spoilage is 155 units and normal spoilage is 620 units. Beginning work-in-process inventory consisted of 8,800 units; 24,000 units were started; and 26,600 units were completed this period. How many units are in ending work-in-process?
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Green mountain partners
: Greg, Alex, and Tom formed a general partnership in 2000 which they call Green Mountain Partners. Green Mountain Partners presently owns a bed and breakfast inn located in Quechee, Vermont. If Greg sold the land to the partnership, Green Mountain Par..
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Calculate taxable income and their tax liability
: Rufus and Rhonda are a married couple with 3 dependent children, all under 16 years of age. Rufus, 46, is an executive with Plowshare Corporation. Rhonda, 39, is a self-employed attorney. Based on the information provided, calculate Rufus and Rhonda’..
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Uncollectible accounts expense on the income statement
: The company had an accounts receivable balance of $105,000 and an allowance for uncollectible accounts balance of $3,000 (credit) at the end of the year (before any adjusting entry). Sales revenue for the year totaled $800,000. The accountant determi..
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Prepare balance sheet-net income for the year ended
: Use the accounts below for Stanley Black and Decker to prepare a Balance Sheet at December 31, 2015. ($ millions). In addition, Retained Earnings at December 31, 2014 was $10,000, Net Income for the year ended December 31, 2015 was 40,000 and 4,000 w..
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