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In 2012 sales revenue was $120 and net income was $12. 1/1/12 balances were Current Assets $20, Long-Term Assets $70, Current Liabilities $8, Long-Term Liabilities $32, and Equity $50. 12/31/12 balances were Current Assets $24, Long-Term Assets $86, Current Liabilities $10, Long-Term Liabilities $40, and Equity $60. Compute the following ratios: current, debt-to-equity, return on sales, and asset turnover.
Cardinal, LLC incurred $20,000 of startup expenses, $3,000 of organizational costs, and paid $10,000 in transfer taxes to change the title (ownership) of a building contributed by one of the LLC's members. Which of the following statements is corr..
Discuss the use of job order costing for professional services businesses. What are the similarities and differences between service and manufacturing business job order costing?
The Mars Corporation issued 2,000 shares of its $10 par value common stock for $70,000. The Mars Corporation also incurred $1,500 of costs associated with issuing the stock.
tinbergen cans expects sales next year to be 50000000. inventory and accounts receivable combined will increase 8000000
After its acquisition, Purple will distribute $50 million in cash and marketable securities to White. Due to the 100% dividends received deduction, no taxable income results to White from the dividend. White then will resell Purple for $150 millio..
clemson co. incurs 700000 of overhead costs each year in its three main departments machining 400000 inspections 200000
meade metals inc. plans to start doing its own deliveries instead of using an outside service for which it has been
question- milner frosted flakes company offers its customers a pottery cereal bowl if they send in 3 box tops from
abc company aquired mineral rights for 9100000. the mineral deposit is estimated at 65000000 tons. during the current
the master budget components for land company for the month ended june 30 appear below. land company produces and sells
Discuss the importance of making short term and long term financial decisions. Which is more important for the firms?
Which statement is FALSE concerning "management by the numbers" for control of the organization?
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