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Liltua Company pays $375,280 for real estate plus $20,100 in closing costs. The real estate consists of land appraised at $157,040; land improvement appraised at $58,890; and a building appraised at $176,670. Allocate the total cost among the three purchased assets and prepare the journal entry to record the purchase.
Prepare a schedule showing the Dutch subsidiary's income statement for 2011 and 2012 in euros and in dollars, using both the current rate and temporal methods. Compute the percentage change in income in each case.
Write the adjusting entry needed to reconcile the difference between actual and normal cost
Evaluate that the degree of operating leverage is 2.90. The output rises to 78,000 units - Find what will the percentage change in operating cash flow ?
Evaluate the annual savings needed to make the investment realize a 12% yield? What would be the allocated costs for each product?
Determine by what percentage revenue is expected to increase and develop costing for the product units to explain the manufacturing expenses that the proposed product will require in the first year of production.
Explain in detail an ethical dilemma in business that you or a coworker experienced and how it was resolved and besides the TV test, do you know of other tests for ethical decision making?
Determine the breakeven point in units for the Peoria plant and for the Moline plant and evaluate the operating income that would result from the production manager's plan to manufacture 96,000 units at each plant.
Compute the net cash from operating activities based on the above information - Amazing Glory, Inc. knew a net income of $95,000 including $20,500 in depreciation expense.
Evaluate the selling price and produce a contribution margin per
An unfavorable labor rate variance can occur if workers with high hourly wage rates are assigned to work on products whose standards assume workers with low hourly wage rates.Throughput time is the amount of time required to process raw materials i..
As the company accountant you must give the necessary information to support your recommendation to Board of Directors.
On July 1, 2012, Herzog Mining lends cash and accepts a $9,000 note receivable that offers 10% interest and is due in nine months. How would Herzog record the transaction on April 1, 2013, when the borrower pays Herzog the correct amount owed
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