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Renee manufactured and sold a "gadget," a specialized asset used by auto manufacturers that qualifies for the domestic production activities deduction. Renee incurred $23,800 in direct expenses in the project, which includes $2,500 of wages Renee paid to employees in the manufacturing of the gadget.Renee sold the gadget for $47,200 and she reported AGI of $5,300 before considering the manufacturing deduction.
In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $35,000. The machine will have a 12-year useful life and no salvage value.
Which of the following types of organisations: a supermarket, pharmaceutical company, musical instrument retailer, steel company, software company, do you expect to have (a) particularly high or low asset turnover (b) high or low sales margins ? E..
What is the workstation cycle time required to produce 1,000 units per day?
On January 1, 2009, D Corp. granted an employee an option to purchase 6,000 shares of D's $5 par common stock at $20 per share.
What is shareholder's equity, how is it calculated, and where and how is it reported? What is comprehensive income and how does it influence equity? What happens to shareholder's equity when the firm issues more shares or buys back shares in the o..
The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop's bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online s..
what is the goal of financial management for a sole proprietorship? decrease long-term debt to reduce the risk to the
The marketing manager believes that a $12,000 increase in the monthly advertising budget would result in a 160 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change?
the demand forecast for the next four periods is 80 110 120 and 145 units respectively. the plant has a regular
Which of the following is FALSE in regards to direct materials for an auto manufacturer?
Describe 1 ethical issue that could result from the preparation of these manufacturing entries.
a productivity index of 110 means that a companys labor costs would have been 10 higher if it had not made production
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