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TeaTime had the following budget based on the sale of 1,000 teas Budget for sale of 1,000 tea bags Tea Bags (variable) $400 Utilities expense (mixed) $170 ($.1 per tea) Rent expense (fixed) $3,000 TeaTime actually sold 1,800 teas. How much would you budget for tea bags in your flexible budget?
Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2021
If Northern Sludge issues an additional $13 million of common stock and uses this money to retire debt, what happens to the expected return on the stock
A project has an initial cost of $40,000, expected net cash inflows of $8,000 per year for 10 years, and a cost of capital of 9%. What is the project's IRR
What are the changes you think the company should make based on the variance analysis? What will the changes accomplish?
Refer to Kite Corporation's financial statements and related information in Problem. Required Prepare a complete statement of cash flows.
Prepare all the relevant journal entries required for the consolidation worksheet on 30 June 2022 for the following transactions
The rent is prepaid for three months at $1,200 per month. Develop the adjusting entry at the end of the first month that rent should be applied
Keystone Manufacturing, Inc., is analyzing a new bid to supply the compa- ny with electronic control systems. Alpha Corporation has been supplying the systems, and Keystone is satisfied with its performance. However, a bid has just been received f..
Sam's Safaris, Inc. leased Jeeps under terms of a $20,000 first payment upon signing the lease. How much interest expense would Sam record for first year
Hay and List is a firm of accountants. Between them, the two partners work 2,800 hours per annum. Prepare a fees income budget for the year
What are the difference between the UK and German Corporate Governance Codes? Provide example of real incident. Impact of UK corporate governance structures.
ABC Company purchased an equipment on January 1, 2013, for $210,000. The equipment was expected to have a useful life of 5 years and a residual value.
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