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Paddy's Pub owns 4,000 shares of Ford Motor Company which they paid $14 per share for on March 2011. On Dec. 31 2011 (the day Paddy's closes their reporting period for 2011) Ford Motor Company shares had a closing price of $18 per share. On February 3, 2012, Paddy's Pub sold their shares of Ford Motor Company for $28 per share. Prepare the journal entry to record Paddy's sale of the Ford Motor Company shares on 2/3/2012. Assume this investment is treated as trading securities.
Estimate the fixed cost involved in the production process. Find a point estimate and a 95% confidence interval estimate.
Jocame Inc. began business on January 2, 2015. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. Calculate the amounts to be reported on..
Optimal Price. Last week, Discount Food Stores, Inc. reduced the average price on the 22 ounce size of Dishwashing Liquid by 1%. In response, sales jumped by 8%. Calculate the point price elasticity of demand for Dishwashing Liquid. Calculate the opt..
The FICA tax (Medicare component) on wages is progressive since the tax due increases as wages increase. According to the IRS, economic income is not considered to be realized income. Special interest dealings do occur in the creation of federal tax ..
In the cornerstones of cost management, third edition book. Question 7.21. Using the data in exercise 7.20, using the sequential method, 1. allocate the overhead costs to the producing departments using and 2. using machine hours, compute departmenta..
Draw the segment of a document flowchart for the process below. The invoice clerk prepares a 2-part invoice after receiving a copy of the sales order and packing slip. he sends the original invoice to the customer and files the remaining documents by..
Which of the following statements regarding earnings per share is false?
Compute the annual breakeven number of meals and Sales Revenue for the restaurant and compute the number of meals needed to earn operating income of $75,600 to replace Steve's salary from his
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: What is the estimated raw materials inventory balance at the end of July? What is the total estim..
Demostrate, using separate equations for MOS% and DOL that MOS% and DOL are functionally related. Specifically, show that MOS% = 1 / DOL. Of what interpretative or managerial value is this finding?
Mixed cost at different levels of activity - Calculate the total monthly cost of the sales representative's salary for each of the following months.
tamra corp. creates one product line. in february 2013 tamra paid 530000 in factory overhead costs. of that amount
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