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Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year:
Beginning Raw Materials = $94,000Ending Raw Materials = $78,000April Purchases = $62,000May Purchases = $45,000June Purchases = $58,000
What was the amount of Raw Materials used during this quarter?
Explain the difference between defined contribution and defined benefit pension plans. Defined contribution plans are becoming much more popular vs. defined benefit plans. Why is this?
Prepare a schedule starting with pretax financial income and compute taxable income. Prepare the journal entry to record income taxes for 2011.
Bright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November.
Describe situations where you have effectively demonstrated each of the forms of communication mentioned. What did you do to help you communicate effectively?
Land was given to the company by the State of Florida to use as a manufacturing facility site. The market value of the land at the time of the donation was $102,000. Prepare journal entries for Overland Company to record the above transactions
Garfield Company purchased, as an available-for-sale securities, $80,000 of the 9%, 5-year bonds of Chester Corporation for $74,086, which provides an 11% return.
The following information pertains to Family Video Company. Prepare a bank reconciliation at July 31. (Round answers to 2 decimal places, e.g. 10.50.)
prepare summary journal entries for 2011 and 2012 to account for the installment sales and cash collections the company uses the perpetual inventory system.
Laquesha Enterprises. sells its only product for $9 per unit, variable production costs are $3 per unit, and selling and administrative costs are $1.50 per unit. Fixed costs for 10,000 units are $5,000. Calculate the contribution margin per unit a..
Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, and fixed costs total $60,000. What sales are needed by Cunningham to break even?
Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, briefly:
The amount of overhead cost that the company applied to work in process for October was:
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