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In 2008, ABC Company had sales of $2,800,000; Cost of goods sold of $1,800,000 and operating expenses of $300,000. The operating expenses including depreciation expense of $200,000. ABC company pays tax at a rate of 30%. All sales and purchases are in cash. Calculate the operating cash flow of ABC company
What is decentralization? List and describe three potential benefits and three potential problems with decentralization.
At the end of the year, roger's share of partnership liabilities increased by $20,000. roger's basis in the partnership interest at the end of the year is:
One idea that the consultant had was to reduce prices to bring in more customers. If average prices were reduced ten percent (10%), and the number of sales tickets (unit sales) increased to 7,500, would the company's income be increased? With prices ..
Please help me explain the following concepts: A conclusion stating how you think sound financial reporting depends on principles, assumptions, and constraints. Refer to the U.S. GAAP in your response.
On October 1, 2011, $2,500,000 of these bonds were converted into 35,000 shares of $15 par common stock. Accrued interest was paid in cash at the time of conversion.
In May of 2009, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2009, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable.
Which one is not a main objective of the Sarbanes-Oxley Act?
A local church is studying the amount of offerings in an envelope from their early Sunday mornings services. The church studied 500 envelopes and found the following:
When you are preparing a partial balance sheet for a 2 year period showing any items related to the contract in a percentage of completion method how do you figure out your accounts receivable, construction in progress and billings figures?
Sanding and Bending Inc. will pay no dividends for the next seven years. In the Year 8, it will pay a dividend of $6 and maintain a constant growth of 6 percent thereafter. If the required rate of return is 12 percent, what is the value of the sto..
While rummaging through your grandfather's attic, you came across a rare civil war document: An official letter by Lincoln to one of his generals. You engaged Sotheby's Auction House and sold the document for $100,000. What is your tax liability?
Kim is measuring her retirement plan. Assume she has $500,000 when she retires in an account that earns at an effective annual rate of 9%.
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