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Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2009, Z-Mart made installments sales of $300,000 and received payments of $135,000 on those sales. Z-Mart's gross profit margin is 30%.
A statement of comprehensive income does not include: A) Gains resulting from the return on assets exceeding expectations. B) Gains and losses on unsold held-to-maturity securities. C) Losses resulting from the return on assets falling short of expec..
United, Inc., a U.S. corporation, entered into a contract on November 1, 2007 to sell two machines to International Company, for 80,000 foreign currency units (FCU). The machines were to be delivered and the amount collected on March 1, 2008.
Mary and Bob have been married for 25 years. They are both college professors. Mary makes $65,000 annually and Bob makes $75,000 annually.
1.Determine the total compensation cost pertaining to the options. 2.Prepare the appropriate journal entry(if any)to record the award of options on January 1,2009.
Freddy purchased a certificate of deposit for $20,000 on January 1, 2010. The certificate's maturity value in two years (December 31, 2011) is $22,050, yielding 5% before-tax interest.
The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required rate of return on invested capital is 8 percent.
Calculate the dollar amount of ending inventory shown on ABCCompany's May 31 balance sheet using the FIFO method. Do not use decimals in your answer.
Fully vested incentive stock options exercisable at $40 per share to obtain 28,000 shares of common stock were outstanding during a period when the average market price of the common stock was $50 and the ending market price was $50.
What would incomplete units physically look like at the end of any given part of the process? For example, at the end of the distillation process and then at the end of the final bottling process
It is an objective of the statement of cash flows to: a. disclose changes during the period in all asset and all equity accounts. b. disclose the change in working capital during the period.
By reducing labor and other operating costs, the machine would provide annual cost savings of $59,000. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:
The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
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