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Question - Ron, age 19, is a full-time graduate student at City University and Resident Adviser. During 2014, he received the following payments:
Cash award for being the outstanding resident adviser $1,500
State scholarship for ten months (tuition and books) $6,000
State scholarships (meals allowance) $2,400
Loan from college financial aid office $3,000
Cash support from parents $2,000
Total $17,400
Ron's rent in the dormitory where he lived would have been $5,000 for the year. What is Ron's adjusted gross income for 2014?
Kaiser's Kraft Korner sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs. The number of units that must be sold to achieve $60,000 of operating income ??
Prepare the journal entry to record the lease agreement on Jan 1, 2012 from the lessee's perspective. Record the first payment on Jan 1, 2012.
Motorcade company has 3 service departments (s1, s2, s3) and 2 production. Calculate the total service department cost allocated to production department p1.
Prepare three different executive summaries. An executive summary is not more than one and a half pages long and addresses key issues of interest to a senior executive. An executive summary should be prepared on each of the following topics:
nowadays manufacturing is considering an investment proposal with the following informationcost 450000useful life 6
fraize corporation makes a product that uses a material with the quantity standard of 9.5 kilos per unit of output and
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the amount of wood required for one bookshelf is 15.3 pounds. the company expects to waste 15 of the wood during the
On December 8, Frazier Co. was granted an allowance of $20,000 for merchandise purchased on December 3.3. On December 13, R. Humphrey Company received the balance due from Frazier Co.
Prepare journal entries to record the redemption of the old issue and the sale of the new issue
the following transactions occurred during march 2013 for the wainwright corporation. the company owns and operates a
Compute the amount of gross profit to be recognized for the year ended December 31, 2013 under the completed-contract method xxxxxx
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