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External link to Java (“Java”) has operated a chain of coffee houses as a sole proprietorship over the past three years and is now interested in expanding his…
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Java (“Java”) has operated a chain of coffee houses as a sole proprietorship over the past three years and is now interested in expanding his…

2.  Mr. Java (“Java”) has operated a chain of coffee houses as a sole proprietorship over the past three years and is now interested in expanding his horizons and limiting his liability.  To do so, he wishes to incorporate, raise$150,000 of additional capital and hire an experienced person to manage the business.He has located Venturer, who is willing to invest $150,000 cash and Manager, who […]

External link to Cornerstone Exercise 18. | StudyDaddy.com
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Cornerstone Exercise 18. | StudyDaddy.com

Cornerstone Exercise 18.2 (Algorithmic)  Costs of Different Customer Classes Kaune Food Products Company manufactures canned mixed nuts with an average manufacturing cost of $49 per case (a case contains 24 cans of nuts). Kaune sold 155,000 cases last year to the following three classes of customer: Customer Price per CaseCases SoldSupermarkets$64  80,000  Small grocers95  45,000  Convenience stores93  30,000       The supermarkets require special labeling on each can costing $0.02 per can. […]

External link to Jim Bowie owns a lot in Starr County and wants to build a house according to a certain set of plans and specifications. He solicits bids from three…
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Jim Bowie owns a lot in Starr County and wants to build a house according to a certain set of plans and specifications. He solicits bids from three…

Jim Bowie owns a lot in Starr County and wants to build a house according to a certain set of plans and specifications. He solicits bids from three building contractors as follows: George Kimbell bids $ 175,000; Green Jameson bids $170,000; and, Davy Crockett bids $ 166,000. Bowie accepts Crockett’s bid and construction begins. A month into the work, Crockett advises Bowie that due to […]

External link to Over the course of this unit, we have discussed the importance of mission and vision statements. As a part of that discussion, we analyzed mission… 2
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Over the course of this unit, we have discussed the importance of mission and vision statements. As a part of that discussion, we analyzed mission… 2

Over the course of this unit, we have discussed the importance of mission and vision statements. As a part of that discussion, we analyzed mission and vision statements for their effectiveness. For the Unit II Essay, you will expand on this topic. Using your favorite search engine, research the mission and vision statements of different fortune 500 companies. Then, you will write an essay in […]

External link to Light emitting diode(LED) light bulbs have become required in recent years, but do they make financial sense?
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Light emitting diode(LED) light bulbs have become required in recent years, but do they make financial sense?

Light emitting diode (LED) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent light bulb costs $.42 and lasts for 1,000 hours. A 15-watt LED, which provides the same light, costs $3.25 and lasts for 12,000 hours. A kilowatt-hour is 1,000 watts for 1 hour. Suppose you have a residence with a lot of incandescent bulbs […]

External link to Assume that Circuit City Stores completed the following foreign-currency transactions: 17 – Purchased DVD players as inventory on account from Sony.
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Assume that Circuit City Stores completed the following foreign-currency transactions: 17 – Purchased DVD players as inventory on account from Sony.

Assume that Circuit City Stores completed the following foreign-currency transactions:Mar. 17 – Purchased DVD players as inventory on account from Sony. The price of 300,000 yen, and the exchange rate of yen was $0.0086.Apr. 16 – Paid Sony when the exchange rate was $0.0082.Apr. 19 – Sold merchandise on account to Bontemps, a French company, at a price of 60,000 euros. The exchange rate was […]

External link to On May 8, 2008 Tec Manufacturing purchases $300,000 of five-year equipment and elected to expense $100,000 under Sec. In 2009 Tec sells the equipment…
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On May 8, 2008 Tec Manufacturing purchases $300,000 of five-year equipment and elected to expense $100,000 under Sec. In 2009 Tec sells the equipment…

On May 8, 2008 Tec Manufacturing purchases $300,000 of five-year equipment and elected toexpense $100,000 under Sec. 179. In 2009 Tec sells the equipment for $250,000. MACRSdepreciation deductions for 2008 and 2009 total $72,000, excluding the Sec. 179 deduction. Whatis the amount and character of Tec’s gain?A) $100,000 Sec. 1231 gain and $22,000 of Sec. 1245 gainB) $22,000 Sec. 1245 gainC) $122,000 Sec. 1245 gainD) […]

External link to Problem 1. Assume you are an analyst evaluating Mesco Company. The following data are available in your financial analysis (unless otherwise…
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Problem 1. Assume you are an analyst evaluating Mesco Company. The following data are available in your financial analysis (unless otherwise…

Problem 1. Assume you are an analyst evaluating Mesco Company. The following data are available in your financial analysis (unless otherwise indicated, all data are as of December 31, Year 5):Retained Earnings, December 31, Year 4……..$98,000Gross profit margin ratio……………………………….25%Acid-test ratio…………………………………………….…2.5 to 1Noncurrent assets……………………………………….$280,000Days’ sales in inventory………………………….…….45 daysDays’ sales in receivables………………….…………..18 daysShareholders’ equity to total debt…………………4 to 1Sales (all on credit)……………………………………….$920,000Common stock: $15 par value; 10,000 […]

External link to Look at the pos tbelow and reply in your own words what you think. There is no word limit. Setting goals is not only important from a business stand…
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Look at the pos tbelow and reply in your own words what you think. There is no word limit. Setting goals is not only important from a business stand…

Look at the pos tbelow and reply in your own words what you think. There is no word limit. Setting goals is not only important from a business stand point but also from a personal stand point. Setting goals and having ways to achieve them is what drives business and personal success. If there were no goals then there would be no reason to work, […]

External link to The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100.
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The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100.

1.The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100.2.Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were $2,570 and $6,960, respectively.3.A debit posting to Salaries Expense of $200 was omitted.4.A $1,000 cash dividend was debited to Common Stock for $1,000 and credited to Cash for $1,000.5.A […]

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