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Bob and Kathy are partners who share profits 60% and 40%. Their capital balances were both $60,000 before Donna was admitted to the partnership. Donna contributed $100,000 in cash to the partnership for a 30% interest. After Donna is admitted to the partnership, Bob will have a capital balance of $__________?
Prepare a schedule showing expected cash disbursements for merchandise purchases and selling and administrative expenses for each of the months October, November, and December. (Omit the "$" sign in your response.)
Prepare the sales revenues section of the income statement based on this information.
Show the calculation of the amount of the gain or loss to be recognized by rogers. Prepare all entries that are necessary on april 3rd 2013.
Evaluate what amount of gain or loss should be reported on consolidated financial statements for 2010 and which of the subsequent will be included in a consolidation entry for 2011?
The net income after taxes is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. Explain how much higher is the manager's bonus if FIFO is adopted instead of LIFO?
Create an inventory purchase budget using the sales manager's estimate. and create an inventory purchases budget using marketing consultants estimate.
evaluated that the total estimated life should be 10 years with a salvage value of $5,490 at end of that time. Consider straight-line depreciation.
Determine the total cost per unit for each product using traditional job-order costing and determine the total cost per unit for each product using activity based costing
As one of your first assignments as a new hire on the corporate treasurer’s staff of Global Enterprises, Ltd., you are asked to prepare an exchange rate forecast for the Zonolian ecru (ZOE). Specifically, you are expected to forecast what the spot ra..
Determine variable factory overhead Controllable Variance, the fixed factory overhead volume variance, and total factory overhead cost variance. Use the minus sign to enter favorable variances as negative numbers.
Don decides that the business will use the equipment for 5 years. What is the revised depreciation expense for 2013?
Sherry just received her $15,000 payment for 2011. How much of the $15,000 must Sherry include in income?
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