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Panther co. had a warranty liability of $350,000 at the beginning of 2011, and $310,000 at the end of 2011. Warranty expense is based on 4% of sales, which were $50 million for the year. What were the warranty expenditures for 2011?
Carefully read the annual report and the income and cash-flow statements? 2. Reclassify the expense and income statements by function. ?
He took the unit cost for an equivalent whole unit you completed in (3) above and multiplied this figure by 1,000. Will this method yield a valid estimate of incremental cost? Explain.
To finance your newborn daughter’s education you deposit $1,200 a year at the beginning of each of the next 18 years in an account paying 8% annual interest. How much will be in the account at the end of the 18th year?
Explain the advantage of using a flexible budget. Also, why are flexible overhead budgets based on an activity measure, such as hours or process time or machine time?
Sam will continue to manage the business. He is not willing to own less than 50% of whatever arrangement they arrive at. Illustrate what issues should Sam and Marcie address and document before finalzing their venture?
Definition of Primary and Secondary Market and identification of their role in Finance.
Briefly describe when petty cash fund should be replenished. Because there is cash on hand, is there a need to replenish the fund at year end on December 31? Explain.
entertainment expenses, $3,000 for premiums on officers' life insurance policies (the corporation is the beneficiary for these policies), and $100 for fines. What is Tachibana Corporation's taxable income?
Prepare a trial balance of Stephanie Stouse, Registerd Dietician at November 30, 2007
This association takes place in the CPU Assembly Department. The company freshly hired a new accountant who prepared the following report for the department for May using the weighted-average method
ELO feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2012?
Summary analysis of the business options, selecting optimum business portfolio
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