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Question 1: During a taxation period, Darcy Wholesalers purchased merchandise for $223000. Merchandise sales during this period totaled $417000 and the cost of the merchandise sold was 260000. Ignoring all other costs incurred by Darcy and assuming a rate of 5 percent, how much tax would be paid by Darcy under an account-based VAT system (net tax owing)?
As the controller of the company, determine the selling price of the bonds. The vice president of operations of the company has requested construction
Dunn's accounting year ends on December 31, and the 2011 financial statements were issued on March 2, 2012. What amount of loss should Dunn accrue at December 31, 2011?
a company manufactures a sells and product it for 120 per unit. the net fixed costs of manufacturing and selling the
Why do you believe we have four? Do we need four? What are the advantages and disadvantages of having four methods?
Pronghorn Corp reported net sales of $242,400, cost of goods sold of $144,100, operating expenses of $47,000, net income of $36,000, beginning total assets of $518,600, and ending total assets of $569,200. Calculate profit margin and gross profit rat..
After listening to this entrepreneur’s perspective on decision-making, how would you categorize her decision making style? Include at least two examples that support your choice.
What can be done if a cost item deemed "fixed" requires an increase in any way after a budget is produced and communicated?
Warner co has budgeting fixed overhead of $150,000. Practical capacity is 6000 units and budgeted production is 5000 units. During February 4,800 units were produced and 155,600 was spent on fixed overhead. What is the unexpected (unplanned) capacity..
A contractor was paid $415,000 to construct a new warehouse. Find the cost of the land to be reported on the balance sheet
Assume there is no other transaction took place related to investing activities, what is the net cash flow from investing activity?
Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10-gallon plastic container. What is June’s direct material price var..
common stock transactions and stockholders equityon march 1 2010 blank company began operation with a corporate charter
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