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A woman complained to "Dear Abby" that a laundry charged $1.25 each to launder and press her husband's shirts, but for her shirts "the same description, only smaller" the laundry charged $3.50. When asked why, the owner said, "blouses cost more." Abby suggested sending all the shirts in one bundle and enclosing a note saying, "There are no blouses here ---these are all shirts." a. Is the laundry practicing price discrimination, or is there really a $2.25 difference in cost? b. Assuming the laundry is engaging in price discrimination, why do men pay the power price and women the higher? c. Could the laundry continue to separate markets if people followed Abby's advice? What about the policing costs associated with separating the markets?
What kind of transaction is a service revenue earned on account
federal unemployment compensation taxes are $5,250. at the federal rate of 0.8% and state rate of 5.4%. Create the journal entry to record the payroll tax expense for the period.
What is the maximum amount of income that Capitech should report from this investment for 2011?
What is one of the analytical procedures commonly used when auditing accounts in the inventory and warehousing cycle? Why do we use this procedure (i.e., what does it tell us)?
Preparation of journal entries for various transactions in corporate - Prepare the journal entries for the following 2008 transactions. Place your answers below the rest of these questions.
Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable.
Calculate the merchandise inventory values
The application of manufacturing overhead would be recorded as a debit to - A good description of "cost of goods manufactured" is the recorded cost.
This cost increases to 8.75 cents per mile if a truck is driven 60,000 miles per year. Estimate the cost formula for truck operating costs using the high-low method.
Review your SEC 10-K report and inspect the balance sheet, income statement, and notes to the financial statements. Search for terms such as "Pension" and "Retirement". Relate the topics in our textbook to your company (United Health Group)
High Air reported a $15,000 loss for its X9 calendar year. Explain how much loss can Gerald deduct, and how much loss must he suspend if he only applies the tax basis loss limitation?
Evaluate the 2012 cost of goods sold using the LIFO method and find what method would you recommend to owner to minimize income taxes in 2012, using inventory information for footballs as a guide?
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