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Question:
Crovo Corporation utilize customers served as its measure of activity. During December, the company budgeted for 38,000 customers, but in fact served 40,000 customers. The company has given the subsequent data concerning the formulas used in its budgeting and its actual results for December:
Data used in budgeting:
Actual results for December:
Prepare a report showing the spending variances and company's revenue for December. Label each variance as favorable (F) or unfavorable (U).
Compute the NPV and IRR for each of the two projects. Assume that the discount rate is 10%. Which project would you select and why?
An IRS agent thinks that Color, as an accrual basis taxpayer, should report $1,000 of income in 2011, when the work was done, and then deduct a $200 loss in 2012. Give a memo to Susan Apple, a tax partner for whom you are working, with the recomme..
Assume you are a CPA advising your clients about filing bankruptcy. What aspects of bankruptcy would you have them consider prior to making the decision.
Determine the expected portfolio return, rp, for each of the 6 years. Evaluate the expected value of portfolio returns, rp, (line over the r) over the 6-year period
variable interest in variable interest entity is required to consolidate assets, liabilities, revenues and expenses, and the non-controlling interest of that entity if:
Using the deferral method, prepare a statement of revenues and expenses and a statement of changes in net assets for Wise Owls for 20X1.
Prepare entries in general journal form to record the following transactions in General Fund general ledger accounts for the fiscal year 2012.
Assuming that Little uses the straight-line method of amortization and that the bonds are appropriately classified as available-for-sale, what would net carrying value of the bonds be shown as on Little's December 31, 2007, balance sheet?
Based on this limited information and your own knowledge, how would you incorporate the above valuation results in your conclusion? Why? Prepare a one-page response for your answer.
NFP's flexible budget allows how many kg's of inputs for the most current operating period
Chain decided to use the equity method to account for the investment. What is the noncontrolling interest's share of Shannon’s net income for 2010?
Kaitlyn's company needs to obtain funds in order to keep the business going; however, she does not want stockholders influencing the direction of her company. Illustrate what type of financing should Kaitlyn acquire?
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