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Alpha Company Income Statements (in thousands)
Requirements:
1. For each of the years shown, prepare a vertical analysis, using sales as the base. Write a paragraph explaining what the analysis shows.
2. Using 2008 as the base year, prepare a horizontal analysis for sales and cost of goods sold. What information does this analysis give you?
Compute the efficiency variances for direct labour and direct materials. Provide likely explanations for variances. Do you have reason to be concerned about you performance evaluation? Explain.
Based on its aging analysis, the business estimates that sooner or later about $95,000 of the ending balance of its accounts receivable will not be paid by customers. What year-end adjusting entry is made?
glaser health products of ranier falls georgia is organized functionally into three divisions operations sales and
Change in estimated amount of ore to be mined from year one to year 2. year 1 is 400000 and year 2 is 487500 tons. mined 50000tons in first year and mined 80,000 tons second year of which 60000 tons sold residual or salvage value of the land is $1..
on january 1 2013 janus company issued bonds with a face value of 200000 a stated rate of interest of 6 and a 10-year
for each of the following 5 conditions insert the appropriate number into each blank to indicate the type of adjusting
The current information for the VC Warren Company
A couple decided to sell their house in Washington, D.C., without the aid of a real estate broker. Their asking price was $225,000,
Gold Company was experience financial difficulties, but was not bankrupt or insolvent. The National Bank which held a mortgage on other real estate owned by Gold, reduced the principal from $110,000 to $85,000.
Compute the payback period for the machine and compute the simple rate of return for the machine -
Daniel is a calendar-year taxpayer whose wife died in August of 2011. His eight year old son lives with him. During 2011, Daniel had salary income of $67,000, $1600 of qualified dividend income, and received $50,000 from the life insurance policy ..
weaver companys predetermined overhead rate is 18.00 per direct labor-hour and its direct labor wage rate is 16.00 per
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