Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Cecil-Booker Vending Company changed its method of valuing inventory from the average cost method to the FIFO cost method at the beginning of 2013. At December 31, 2012, inventories were $110,000 (average cost basis) and were $114,000 a year earlier. Cecil-Booker’s accountants determined that the inventories would have totaled $135,000 at December 31, 2012, and $140,000 at December 31, 2011, if determined on a FIFO basis. A tax rate of 40% is in effect for all years. One hundred thousand common shares were outstanding each year. Income from continuing operations was $300,000 in 2012 and $425,000 in 2013. There were no extraordinary items either year. Required:
1. Prepare the journal entry to record the change in accounting principle. (If no entry is required for a particular event, select "No journal entry required" in the first account field.)
2. Prepare the 2013–2012 comparative income statements beginning with income from continuing operations. Include per share amounts. (Round EPS answers to 2 decimal places.)
Write one page where you describe your personal value orientation. Discuss what you have learned about yourself based on the following scores. Theoretical = 90, Economic = 63, Aesthetic = 55, Social =62, Political = 36, Religious = 69. What types of ..
In regards to companies being socially responsible, what isn’t discussed at much length is what role we have as a consumer in purchasing from companies that do not pay their employees market wages, or have bad working conditions, or give sparse healt..
sources must be cited in apa format to include proper reference format. your response should be a minimum of one 1
A company is 39% financed by risk-free debt. The interest rate is 10%, the expected market risk premium is 8%, and the beta of the company’s common stock is 0.60. What is the company cost of capital? What is the after-tax WACC, assuming that the comp..
many of the technical staff on the project come in between 930 and 1000 am while the business users always come in
The Enron employee who reported the financial manipulations at the company to her superiors can be considered to have engaged in__________. • managerial opportunism • an act of courage • vindictive disloyalty • white-collar crime
How should it best capitalize on its strategic initiatives in mobile pones, cloud computing, emerging markets and other ventures?
Using the segmentation spectrum defined in the reading assignments, describe a segmentation method(s) that should be used to meet the need of people who want a higher education degree from Regis University.
Would you describe Tata Motors international strategy as a global, transnational, or multi-domestic strategy? Explain. What do you consider to be the most important problems and issues facing Tata Motors, based on your analysis of company and the glo..
Describe in detail the theories associated with the process of change. Give examples of each. Define learning organization and explain its advantage and major obstacle. Give examples of why change is often rejected. Describe in detail.
Products and environments that have been designed with Universal Design principles are all around us. What are some examples of such products or environments that you engage with or have seen?
Explain the difference between the national, local, and independent unions. How are union organized? What is a bargaining unit? What are some of the campaign practices? Address the role of the National Labor Relations Board-overview, powers and limit..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd