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A company has sales of $500,000, cost of goods sold of $100,000, operating expenses of $100,000, average inventory of $8,000, average accounts receivable of $10,000, and average total assets of $35,000, what is its total asset turnover.
Assume that Sarazan Company has a share-option plan for top management. Each share option represents the right to purchase a $1 par value ordinary share in the future at a price equal to the fair value of the shares at the date of the grant.
prepare journal entries to record following transactions of lind corporation for its initial year of existence.a jan. 7
challenges to convergence of igaap with u.s. gaap include all of the following except-political issues result in
Who should pay the external costs of driving? Identify the strongest two arguments in favor of such a tax and the strongest two arguments against such a tax.
how do strategic planning long-range planning and budgeting differ?a. strategic planninc focuses on the effects that
Pierre Company has a 12% note payable with a carrying value of $20,000. Pierre applies the fair value option to this note. Given an increase in market interest rates, the fair value of the note is $22,600. Prepare the entry to record the fair valu..
the management of drummer corporation is considering dropping product d84l. data from the companys accounting system
the following information is for x companybudgeted proudction10200 unitsactual production11300 unitsbudgeted
Pelong Corporation sells land for $80,000 on credit, requiring a $40,000 payment in 6 months with the remainder paid in 12 months.
richard exchanges a building with a fmv of 75000 a basis of 35000 and subject to a liability of 25000 for land with a
cavanaugh construction specializes in designing and building custom homes. business has been excellent and cavanaugh
in 2008 masset sold 3000 units at 500 each. variable expenses were 350 per unit and fixed expenses were 200000. the
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