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On 12/31/08, hire industries retain earning of $ 525,000 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its pervious balance sheet at 12/31/07, the company had reported $445,000 of retained earning. No shares were repurchased during 2008 . How much in dividends did firm pay during 2008?
what is the minimum monthly income needed to purchase a $300,000 house when the interest rate 6% compounded monthly?
During the month of September, Norris Industries issued a check in the amount of $859 to a supplier on account. The check cleared the bank during September.
YOU MUST SHOW THE DETAILS OF HOW YOU DERIVED YOUR RATIOS. Compute net operating profit after tax (NOPAT) for 2014. Assume that the combined federal and state statutory tax rate is 37%. Compute net operating assets (NOA) for 2014 and 2013.
Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000. During 2011 Gates reported net income of $150,000 and paid dividends of $50,000. On January 2, 2012, Dodge purchased an ..
Determine the April 2014 residual income for an investment center with the following information:
Red back Networks Inc. a subsidiary of Ericsson, provides networking services and related systems for 75 percent of the world's largest telephone companies. Assume that it is developing a networking system for smaller, private telephone companies. wh..
What information provided by a variable costing income statement is used in computing the break-even point? Is this information on an absorption costing income statement? Explain your answer? Define and explain the relationships between margin of saf..
Widden Company, which sells electric razors, had $400,000 of cost of goods sold during the month of June. The company projects a 9 percent increase in cost of goods sold during July. Determine the amount of purchases budgeted for July. Determine the ..
computation of pay back period.accounting rate of return payback and npv busy beaver corp. is interested in reviewing
Calculate the amount Dennis may deduct as travel expenses for the trip. Dennis, the owner of Dennis Company, incurs the following expenses while away from home on a three-week business trip during the current tax year
maggie lost her job in the current year. She paid the expenses of owning aher home, interest on the mortgage, and property taxes out of savings. Her tax return shows negative taxable income of $20000. how should this loss be treated?
Explain the main items you would expect to find on the balance sheet of a limited company which are not present on the balance sheet of a sale trader.
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