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Problem 1: Candy Corp. manufactures peppermints. The selling price and variable cost per pound of peppermints is $2.00 and $1.20 per pound, respectively. For 2010, Candy's fixed costs are $0.05 per unit. What is Candy's variable cost ratio?
Prepare journal entries for the above transactions including the adjusting entry at the end of October to record cost of goods sold.
Sandhill Co. borrowed $10,500 by signing a 4%, one-year note on September 1, 2021. Prepare the appropriate subsequent cash entries
Compute the cost of capital of the three investment alternatives at a tax rate of 40% and a flat floatation cost of 3% of par for all.
Write up Blue Box goodwill to the new market value? Big Box recorded the corresponding impairment loss but instead of spinning off
If lessee does not guarantee residual value, is this a capital lease or operating lease. Show work
A company has the P8,400 was received for services rendered to customers. After completing this transactions, total assets would be
Bank Uno has just borrowed $10 million through an overnight repo at 4.25 percent. How much must Bank Uno pay back tomorrow? Explain with an example.
Hickock Mining is evaluating when to open a gold mine. The mine has 51,300 ounces of gold left that can be mined, and mining operations will produce 5,700
Explain how should this transaction be reported in Happy’s 12/31/09 year-end financial statements (balance sheet, income statement, cash flow statement)? Give amounts and accounts. Also, the effect on the balance sheet must balance.
What is the maximum loss per share HyunJi will incur on this investment? HyunJi purchased 3000 shares of a company's stock for $7 per share.
What is the present value of $1,552.90 due in 10 years at (1) a 12 percent discount rate and (2) a 6 percent rate? Find the amount to which $500 will grow
What is the net present value of the NOL carried forward to future years? Sinopia earns a 6% after-tax rate of return
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