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Question: For the month of March, a restaurant reported a beginning food inventory (BI) of $18,662, ending food inventory (EI) of $16,882, and food purchases (P) for resale was $197,900. What was the cost of food sales (CS) for the month of March?
yorkie company has a product with a selling price per unit of 200 the unit variable cost is 110 and the total monthly
swanson amp hiller inc. purchased a new machine on september 1 2008 at a cost of 118000. the machines estimated useful
The corporation issued half the stock for cash at $8 per share, earned $336,000 during the first three months of operation, and declared a cash dividend of $60,000. At the end of the year, what is the balance in additional paid-in capital?
The Mon Elisa Museum of Fine Arts is an NFPO that derives most of its resources from wealthy patrons. Mon Elisa has recently changed its accounting system to eliminate the use of separate funds.
On January 1, 2014, Jack Company issues $4,717,000, 7%, 10-year bonds for cash of $3,835,239 when the market rate of interest is 10%. The bonds pay interest semi-annually on June 30 and December 31.
There are three reasons that Activity Based costing is not an acceptable practice for external accounting reports. First, non manufacturing costs are only allocated to the products that cause them. Shipping, commissions and warranty costs for a ..
How much should she invest in the money market account each year for the next 8 years to achieve her objective? How much would she need as a lump sum payment to compound to $20,000 in 8 years at 6.35% annual rate?
Compute the weights for your companys equity and debt based on the market value of equity and the market value of debt and calculate your companys WACC.
the alphonse company allocates fixed overhead costs by machine hours and variable overhead costs by direct labor hours.
What amount should Percheron report as total 2011 tax expense?
External financing needed: Jockey Company has total assets worth $4,417,665. At year-end it will have net income of $2,771,342 and pay out 60 percent as dividends. If the firm wants no external financing, what is the growth rate it can support?
Everly estimates that 4,000 tons of coal can be extracted. If 700 tons are extracted the first year, prepare the journal entry to record depletion.
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