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Last year, Pastis Productions reported $ 100,000 in sales and $ 40,000 in cost of goods sold. The company estimates it would have doubled its sales and cost of goods sold had it allowed customers to buy on credit, but it also would have incurred $ 50,000 in additional expenses relating to wages, bad debts, and interest. Should Pastis Productions extend credit?
kosmier company has outstanding 500000 shares of 50 par value common stock that originally sold for 60 per share.
list at least three common miscellaneous itemized deductions and explain why these expenses can not be deducted
eastwood company has the following information for previous year. selling price
assuming that all direct materials are placed in process at the beginning of production what is the total cost of the
Compute the amount of contribution margin that will be obtained per hour of labor time spent on each product. (Round your intermediate calculations and final answers to 2 decimal places.)
a. Use the purchases journal and the cash disbursements journal to record these transactions. b. Prepare a schedule of accounts payable. There were no accounts payable on May 1.
the following information is for x company a merchandiseraccounts payable january 156065accounts payable january
1. on-call services corporation bought a building lot to construct a new corporate office building. an older home on
lindon company uses 4500 units of part x each year as a component in the assembly of one of its products. the company
cairns owns 75 of the voting stock of hamilton inc. the parents interest was acquired several years ago on the date
Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the employer's..
a companys income statement showed the following net income 132000 depreciation expense 34000 and gain on sale of plant
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