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Webb Co. acquired 100% of Rand Inc. on January 5, 20011. During 2011, Webb sold goods to Rand for $2,400,000 that cost Webb $1,800,000. Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold?
the normal profit margin is 40% of sales price, what is the amount that should be used to value the inventory under the lower-of-cost-or-market method?
There was no amortization of bond premium or discount during the year. Illustrate what amlount should Kim report in its 2011 statement of cash flows for redemption of bonds payable?
Calculate the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.
Utilization of constrained resources. Calculation of amount of contribution - Evaluate the amount of Contribution margin that will be obtained per hour of labor time spent on each product.
Taking current inventory into account, what will Daze's Production After Adjustment have to be in order to have a 10% reserve of units available for sale?
Find a website that details factoring receivables. E xplain b riefly to the class what factoring receivables is, why a company would factor their receivables, and the advantages of doing so?
The building has an FMV of $45,000, an adjusted basis of $30,000, and is secured by a $35,000 nonrecourse mortgage that the business LLC will assume. What is Brett's outside tax basis in his LLC interest?
On July 1 of the current year, the unrestricted partnership interest (fair market value of $25,000) was transferred to Katie. How should Katie treat the receipt of the partnership interest in the current year?
The Dybvig Corporation's common stock has a beta of 1.15. If the risk-rate is 4.5 percent and the expected return on the market is 11 percent, what is Dybvig cost of equity capital?
If a company does not monitor notes payable for due dates and interest payment dates in relation to financial statement dates, what misstatements can appear in the financial statements?
Calculation of ending cost of inventory and Calculation of cost per unit
Purpose a direct materials budget for the seasoning, by month an in total for the second quarter. Be sure to include both the quantity to be purchased and its cost for each month.
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