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Roxie Company has 17,500 units of its sole product that it produced last year at a cost of $45 each. This year's model is superior to last year's and the 17,500 units cannot be sold for their regular selling price of $80 each. Roxie has two alternatives for these items:
(1) they can be sold to a wholesaler for $35 each, or
(2) they can be reworked at a total cost of $450,000 and then sold for $60 each. The company has enough idle capacity to rework these items without affecting any new production. Which choice would increase the company's profits the most?
There were no dividends declared in 2009. The board of directors declares and pays a $45,000 dividend in 2010 and in 2011. What is the amount of dividends received by the common stockholders in 2011?
What balances would need to be considered in order to prepare the consolidation entry in connection with these intercompany bonds at December 31, 2008, the end of the first year of the intercompany investment?
the january beginning invenshytory of the white company consisted of 300 units costing 40 each. during the first
a job was budgeted to require three hours of labor per unit at 8 per hour. the job consisted of 8000 units and was
excerpts from raimo corporations comparative balance sheet appear below which of the following is the correct treatment
the inventory turnover for an industry is 6 every two months but slow corp. turns over its inventory 4 times a year
Virginia, who was experiencing financial difficulties, was able to adjust her debts as follows. Determine the tax consequences to Virginia.
texas had a herd of cattle including heifers and steers that have not yet been weaned. texas does not anticipate
1. Zee Company's cash account in their ledger has a debit balance of $1094. Zee has $162 of outstanding checks and $283 of deposits in transit. Zee's bank statement shows $36 in charges for checks bought from the bank. What is the proper ba..
What is the amount of gross profit and what is the amount of operating income, What is the amount of pretax income?
thai bays computer system generated the following trial balance on december 31 2011. the companys manager knows
the lease require annual payments of 20000 for twenty years beginning on december 31 2004. the interest rate on the
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