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Question 1: A business assigns $5,000 of direct labor to Job 109 on 8/15/20 (you should credit the cash account since the wages are paid) and applies factory overhead to Job 109 (200% of direct labor cost) on 8/17/20. Prepare the entries the business should make and discuss the effect (if any) that these transactions have on the assets, liabilities, & equity of the business (be sure to write the date next to each entry).
how businesses track their income and assets over time
As the auditor, what 3 tests could you perform to detect fraudulent activities in the cash account?
Calculate the ratios for each of the 3 years - Gross profit to sales
Compute Intel's net operating assets (NOA) for year-end 2012 and compute net operating profit after tax (NOPAT) for 2012, assuming a federal and state statutory tax rate of 37%.
During February the company produced 750 units at a cost of $16 per unit. If the firm sold 1,050 units in February, what was its cost of goods sold? a. Assume LIFO inventory accounting. b. Assume FIFO inventory accounting.
Calculate break-even in pounds if the sales price increases by 10% and fixed costs increase by £12,000 and calculate break-even in pounds if total sales increases by 10% and fixed costs increase by 10%.
Compare and contrast the key responsibilities of a Certified Public Accountant (CPA) and Certified Management Accountant (CMA).
Copper, Inc. initially issued 100,000 shares of $1 par value stock for $500,000 in 2013. In 2015, the company repurchased 10,000 shares for $100,000.
How do fixed costs impact the decision of whether to shut down, or continue to produce in a perfectly competitive setting?
Develop a balance sheet, income statement, and statement of cash flows. Capitation revenue- $2573881.00,FFS Revenue- $1054658.00
Earnings for the year were $92,000, including $200,000 of revenues and $108,000 of expenses - prepare the stockholders equity section of the balance sheet for the company at December 31, 2003.
Calculate interest revenue on notes receivable
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