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Nestle company paid $130,000 for a machine used to mill oats. The annual contribution margin from boat sales is $60,000. The machine could be sold for $80,000. The opportunity cost of producing the oats is?
King Pin issues $1,000,000 0f 12%. 10 year bonds that are dated Jan. 1, 2009. The first interest payment is due June 30, 2009 (Hint: interest is paid semi-annually). Record the issuance of the bonds and the first interest payment for each situation.
The beginning inventory (Jan. 1, 2010) was $170,000; in the past Felt's gross profit has averaged 40% of selling price.
Which below may solve Dave's concern and still maintain the integrity of a standard costing system and not impact the company's operations. A) Use variable costing to calculate the overhead variances.
Reiner Wholesale Merchandise had 20,000 shares of 5%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2003. These data apply to each of the independent situations below.
x company a merchandiser prepares annual financial statements. during the year the company had the following
In 2010 Down sold $100,000 merchandise to Up at gross margin of 40%. Up's Ending inventory balance at the end of 2010 is $25,000. Prepare the journal entries for 2009 and 2010 to eliminate and adjust for the intercompany transaction.
Suppose you believe that the economy is just entering a recession. Your firm must raise capital immediately, and debt will be used. Should you borrow on a long-term or a short-term basis? Why?
What is the amount of (a) the differential revenue, (b) differential cost, and (c) differential income for processing rough-cut lumber into finished cut?
the abc corporations budgeted monthly sales are 4000. in the first month 40 of its customers pay and take the 3
Determine the true cash balance by preparing a bank reconciliation as of June 300, 2012, using the preceding information.
the ski pro corporation which produces and sells to wholesalers a highly successful line of water skis has decided to
Conlin Company acquires a delivery truck at a cost of $42,000.The truck is expected to have a salvage value of $6,000 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
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