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Two grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $2.20 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3:
Year 2
Year 3
Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 34,400 grams of musk oil will be on hand to start the first quarter of Year 2.
Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. (Round "Unit cost of raw materials" answers to 2 decimal places.)
Buttercup company 12% bonds, par $50,000, dated March 1, 2010, purchased at par plus accrued interest, interest payable annyally on March 1, due March 1 2030 was 52,000. Prepare the entry to accrued interest on December 31,2010?
Please complete the following problems CPC-1 and CPC-2, Leases = LS-1 and LS-2, Long-term Liabilities = LTL-3, Property, Plant and Equipment = PPE-1 and PPE-5, Deferred Taxes = DT-3 and DT-4, Investments = IN-1 and IN-2
john has three options for summer work. he can do lawn work for 100 per week babysit for 125 per week or work at the
1.identify five other ways in which the private securities reform act of 1995 will potentially change auditors legal
Prepare the entries on Gramke Co.'s books to record the sale and related collection.
Delray Technology is considering these two alternatives to finance its construction of a new $2 million plant:
The books of Conchita Corporation carried the following account balances as of December 31, 2010. Prepare the journal entries required for the dividend declaration and payment assuming that they occur simultaneously.
Marshall Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2004. Net income for the year ended December 31, 2004,..
Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2007. Prepare the income tax expense section of the income statement for 2007, beginning with the line "Income before income taxes."
Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.
In Career Focus: A Personal Job Search Guide, Martucci Lamarre (2006) suggests that if we want to realize our job dreams, we need to think about ourselves as products to be marketed.
The CEO paid $1220 for an expensive dinner and spent $600 for the game. What is the deductible amount of these expenses?
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