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a. State at least four types of revenue that Samsung explained in the notes to financial statements.
b. What is the relation between the flows of cash and the points at which each of these types of revenue is recorded/recognized? Is it possible that cash and revenue move in opposite directions for any period? Explain.
Team Spirit Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $6.50 per carton of calendars. Compute the number of cartons of calendars that Team Spirit Calendars must s..
Compute the unit sales price at which Blake must sell its product in the current year in order to earn a budgeted target profit of £200,000.
Using the data that follows and assuming cost of goods sold is $273,700, prepare the cost of goods sold section of a merchandising income statement (periodic inventory system). Include the amount of purchases for the month of October.
your client through youcpa-a 50-year-old owner of a firm-has requested that she become a sole proprietorship in the
Prepare a schedule to determine the amount of trust principal to be received by the ?rst child to reach the age of 25. The schedule should show the cash balance available at any point in time.
On 9/30/16 Tanya received a 92-acre farm form her brother's estate. The farm was distributed to Tanya on 9/30/16. The farm cost her brother $184,000 and had a FMV at date of death of $8,214 per acre, but had a remaining mortgage of $96,300 that Tanya..
On January 1, 2010, the company purchased equipment for $600,000. The equipment has a 20-year expected useful life and $0 residual value. Initially, the company used double-declining-balance depreciation. On January 1, 2013, the company changed to st..
Comparison of Mutually Exclusive Projects based on EAC & NPV and Eads Industrial Systems Company (EISC) is trying to decide between two different conveyor belt systems.
Company owner Abel Terrio has reviewed the 2011 financial statements you prepared for Jackson Company as accountant, and questions the $6,000 loss reported on sale of its investment in Blackhawk Co. common stock - Draft a one-half page memorandum t..
Two years ago, your best friend Scott Adams started a home business selling custom made chairs and tables. His original designs quickly became popular, and he began selling in large quantities. To take advantage of the upcoming holiday season, Scott ..
The following standards for variable manufacturing overhead have been established for a company that makes only one product: What is the variable overhead efficiency variance for the month?
1. a companys fixed operating costs are 500000 its variable costs are 3.00 per unit and the products sales price is
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