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Nee High and Low Jack are partners in an accounting firm and share net income and loss equally. High's beginning partnership capital balance for the current year is $285,000, and Jack's beginning partnership capital balance for the current year is $370,000. The partnership had net income of $250,000 for the year. High withdrew $90,000 during the year and Jack withdrew $100,000. What is Jack's return on equity?
Calculate the product cost per unit for both products using activity-based costing - compute product costs per unit
On December 31, 2012, Barker Inc. provided consulting services to Carr Company at an agreed price of $151,121. Barker accepted $60,000 down and agreed to accept the balance in four equal installments of $30,000 to be received each December 31, beginn..
At October 31, Nathan Company made an accrued expense adjusting entry of $1,400 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry.
Determine cost and sales and variable volume variances. Classify the variances as (F)avorable or (U)nfavorable. Comment on the usefulness of the variances with respect to performance evaluation and identify the member of the management team most lik..
For 2010, stoneland corporation reported net income, 24,000; net sales 400,000; and average shares outstanding, 6,000. there werte no preferred stock dividends. What was the 2010 earnings per share?
Prepare example journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.
problem letterman office service amp supply sells a variety of office equipment including the executive office chair.
1) Olga is the proprietor of a small business. In 2014, the business's income, before consideration of any cost recovery or § 179 deduction, is $104,000.
Discuss one measure of performance of a company and indicate what the significance of a lower or higher level of such measure is. Compare it next to a second measure and explain the significance of the second measure.
sprint nextel is one of the largest digital wireless service providers in the united states. in a recent year it had
Doug pays a county personal property tax on his automobile of $1,500. The $1,500 includes $800 based on the weight of the car and $700 based on the value of the car. How much of the tax can Doug deduct on his tax return?
renfree mines inc. owns the mining rights to a large tract of land in a mountainous area.the tract contains a mineral
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