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1. What is the campany's revenue recongnition policy?
2. Assuming that $50 million of cost of sales was due to non inventory purchase expenses (distribution and occupancy cost ), how much inventory did the company buy during the year?
3. Calculate general administrative , and selling expenses of sales for the years ended January 31, 2009, and January 31, 2008, By what percent did these expenses increase or decrease from fiscal year 2007 and 2008? The company's fiscal year ends on January 31, 2009
4. Compute the company's total assets turnover for the year ended January 31, 2009, explain its meaning
At the end of each year, Gibson still owned 30% of the goods. Net income for Sparis was $912,00 during 2011. What was the noncontrolling interest's share of Sparis net income for 2011?
If fixed costs are $561,000 and the unit contribution margin is $8.00, illustrate what is the break-even point in units if variable costs are decreased by $.50 a unit?
Given that the Alternative Minimum Tax can apply to all forms of businesses, illustrate what tax planning strategies do you think need to be utilized and why?
Compute Walmart inventory turnover and the average days to sell inventory for the fiscal year 2007. Compute value of the 2010 and 2011 inventories using the dollar value LIFO method.
Evaluate the unit material cost for the period? Evaluate the unit conversion for the period?
During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year?
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.
The current ratio for a company with current assets of $70,000, quick assets of $30,000, net assets of $150,000 current liabilities of $50,000 and net sales of $80,000 would be:
Wiley Company had total revenues of $300,000 for a recent month. During the month the company incurred operating expenses of $205,000 and purchased land for $45,000. Compute amount of Wiley's net income for the month.
Maria Alvarez is investing $208,960 in a fund that earns 11% interest compounded annually. Illustrate equal amounts can Maria withdraw at the end of each of the next 20 years?
What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year and How are the direct write-off method and the allowance method applied in accounting for uncollectible accounts receivables?
Classify Costs associated with manufacturing firms, merchandising firms or service firms
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