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The state in which Elisa County (P14- 3) is located publishes certain financial analysis ratios for all counties within the state. To provide a reference group for assessing Elisa County financial analysis ratios, the median county ratios are listed here. Based on the reference group ratios, prepare a brief report assessing the implications of the financial analysis ratios computed for Elisa County in P14- 3.Quick ratio............... 110%Property tax receivable rate ........ 47%Operating margin General Fund....... 2.4%Aggregated funds ............. 2.3%Budgetary cushion— General Fund ..... 12.0%Debt service burden .............. 4.9%
on january 1 2012 fishbone corporation sold a building that cost 272200 and that had accumulated depreciation of 102100
the following account balances were available for the perry quincy and renquist partnership just before it entered
Trade Credit Discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?
If computational and record-keeping costs are regarding the same under both FIFO and weighted average, which of the following techniques will generally be preferred?
Based on industry experience, warranty costs are estimated at 2% of sales in the year of sale, 4% in the year after sale, and 6% in the second year after sale. Sales and actual warranty expenditures for the first three-year period were as follows:
Assume that Ajack intends to have a profit of 20% more than the current profit. How many units must he sell to achieve his target?
how many total dollars of sales must bac company sell to break even if the selling price per unit is 8.50 variable
Clancey Inc. issues $2,085,500 of 7% bonds due in 14 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. What amount will Clancey receive when it issues the bonds?
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bonds have an annual interest rate of 6% payable on June 30 and December 31.
Explain the general rules and accounting treatments for the parent and subsidiary, including purchase price allocations; intangible assets, such as goodwill and impairment testing; intercompany transactions
electric utilities generally have very high common equity ratios because their revenues are more volatile than those of
Prepare the short memo in 150 words or less, as if you were the controller, to explain the proper accounting on the write-down and write-up of goodwill to the president.
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