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Question - The candle factory estimates that revenue will be $12.00 per candle, variable costs will be $5.00 per candle and fixed costs will be $205,000 per year. Create a budget for revenue and expense if 50,000 candles are sold this year. What is the budget profit?
Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250..
which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same
What if Hank had contributed $42,000 to the plan and none of the $42,000 were taxed (i.e., the tax law allows certain pension contributions to go untaxed during the contribution period)?
on march 1 2010 edington company acquired real estate on which it planned to construct a small office building by
Sister Subsidiaries. Subsidiary Alpha in Country Able faces a 40% income tax rate. Subsidiary Beta in Country Baker faces only a 20% income tax rate.
for the past several years emily page has operated a part-time consulting business from her home. as of june 1 2010
Write a 350-word response regarding the differences between the direct and indirect presentation of cash flows. Why does the Financial Accounting Standards Board allow both methods? Which do you prefer? Why?
Describe how the characteristics of the financial markets in the 1980 eventually led to the creation of the Sarbanes Oxley Act of 2002.
msu company manufactures special electrical equipment and parts. msu employs a standard cost accounting system with
what are the tax consequences to form a partnership rather than a corporation if individual form a company to transfer
quantacc ltd. began operations on january 1 2011 and uses ifrs to prepare its consolidated financial statements.
Finx, Inc., purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per year over a five-year period and then sold for approximately $5,000. Determine depreciation for the first year of the truck's useful life by the straigh..
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