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Cat Corp has the following information: Total state taxable income: $50 million Sales: State A: $60 mil State B: $30 mil Other states: $50 mil Payroll: State A: $10 mil State B: $5 mil Property: State A: $25 mil State B: $25 mil Cat is incorporated in State A. State A uses a 3 factor apportionment formula. State B uses a 4 factor formula (Sales is double-weighted). How much income is apportioned to State A? State B?
What is the first step you would perform to investigate this client complaint? Give detailed reasons and what type of proof might be available to support the amount of time entered?
Is the above variance report useful for evaluating how well revenues and costs were controlled during April? Why, or why not?
tower interiors has made the forecast of sales shown in the following table. also given is the probability of each
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding cash disbursements for loan principal and interest payments) for the first three months of next year.
OPA provided for uncollectible accounts receivable under the allowance method. Provisions were made monthly at 1% of credit sales, bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credit..
Multiple choice question based on Variance Analysis - The direct material price variance for May is (note that the purchase price variance is based on the amount purchased
The Clyde Corporation's variable expenses are 35% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $25,000. If sales increase by $75,000, the company's net operating income will increase by how much? The "costs acco..
Wisconsin Warning Co. issued $5,000,000 of five-year, 8 % bonds with interest payable semi-annually at an effective interest rate of 11 %. Use the tables in Appendix A to determine the present value of the bonds payable. Using the information from th..
What is the cost of the raw materials used in June for each of the three jobs and in total and how much total direct labor cost is incurred in June?
provide specific examples of accounting information that might be useful for assessing each factor noted above. Be sure to explain specifically how each example might be used in assessing the elements of of a firm's strategy.
What amount of dividends will a shareholder owning 100 shares receive in 2011 if Emily pays $1,000,000 in dividends?
Given these parameters, what is the expected return on Elf stock in a year when each factor is 10 percent higher than its expectation?
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