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On August 1, 2010, Dambro Co acquired 200, $1,000, 9% bonds at 97 plus accrued interest. The bonds will be added to Dambro's available for sale portfolio. The bonds were dated May 1, 2010, and mature on April 30, 2016, with interest paid each October 31 and April 30. Record the bond pruchase on August 1, 2010
Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. Which divisional manager seems to be doing the better job? Why?
The average daily demand is 150 customers. The convenience store currently operates 6 hours a day. Each order takes approximately 2 minutes. a. What is the average customer waiting time, in minutes?
The Winnipeg Chemical Company uses flexible budgets and a standard cost system. Prepare an analysis of all variances
He made 12 such payments in 2009. Assuming that Alice has no other income, her tax return for 2009 should show gross income of:
The fair market calue of 747 aircraft at december 31,2009 is 30,500,000. If the midwest chose to sell the aircraft on this date would it record a gain or loss on sale and if so, how much?
what would be the journal entry for "finished goods with a carrying cost of 138500 are sold on account for 199500. assume a perpetual inventory system and enter a compound journal entry".
Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Pena accept her employer's offer? Identiy the factors that cause the present value of the retirement benefit to be less than $500,000.
Larry Byrd, Inc., spent $68,000 in attorney fees while developing the trade name of its new product, the Mean Bean Machine. Prepare the journal entries to record the $68,000 expenditure and the first year's amortization, using an 8-year life.
The land has a fair market value of $88,000. What is Robert's adjusted basis for the land?
what is the cost of the raw materials requisitioned in June for each of three jobs?
Which of the following journal entries should be made to close the Encumbrances account at the end of the fiscal year?
Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred stock which has a dividend rate of 6%. They have not declared any cash dividends on the stock in the last 3 years.
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