Ireland corporation planned to be in operation for three years. during the first year 20×1, it had no sales but incurred $120,000 in variable manufacturing expenses and $40,000 in fixed manufacturing expenses. in 20×2 it sold half of the finished goods inventor from 20×1 for 100,000 but it had no manufacturing costs. in20x3 it sold the remainder of the inventory for 120,000 had no manufacturing […]
Please see two jpg’s for answers needed in blue/green. Break-Even Point and Target Profit Measured in Units {Single Product]. Nellie Company hasmonthly fixed costs totaling $100,000 and variable costs of 520 per unit. Each unit of product is soldfor $25. Required:1 Calculate the contribution margin per unitFind the break-even point in unitsHow many units must be sold to earn a monthly profit of 540,000?Calculate the […]
As a new employee at Canyon rental, an outdoor outfitters and supply shop, your boss has asked you to look at the internal control system within the store. He is seeking a loan for expansion and must have his books audited. The auditor asked about his control procedures and documentation. He has no idea what the auditor is talking about. Your boss has asked you […]
Go to https://www.irs.gov/uac/About-Publication-519 and review the Publication 519, U.S. Tax Guide for Aliens. Be prepared to discuss. From the U.S. Tax Guide for Aliens, discuss the differences in tax treatment between U.S. citizens who earn foreign source income, the tax treatment of aliens, and resident aliens. Identify at least two (2) tax laws regarding either reporting income or deductions that you believe to be inequitable […]
E5-5B(Preparation of a Corrected Balance Sheet) Darling Company has decided to expand its operations. The bookkeeper recently completed the balance sheet in order to obtain additional funds for expansion. DARLING COMPANY, BALANCESHEET, DECEMBER 31, 2012, Current assets, Cash $ 105,000,Accounts receivable (net) 411,000 Inventories at lower of average cost or market 561,000, Available-for-sale securitiesat cost (fair value $65,000) 50,000, Property, plant, and equipment Building (net) […]
I need somebody to help me out with this paper..That’s an essay paper. DONT WRITE THE QUESTIONS AND ANSWER. i expect from you to write it as an essay paper. Topic: Data center.The questions that will help you to write the paper are:1- What’s the data center?2- Why do we need a data center?3- Why data center need armed guard/security?The paper should be:- at least […]
1. (TCO 1) External users want answers to all of the following questions except which one? (Points: 4)Is the company earning satisfactory income?Will the company be able to pay its debts as they come due?Will the company be able to afford employee pay raises this year?How does the company compare in profitability with competitors?2. (TCO 1) Which of the following is not a liability? (Points: […]
The Big Bang Company was set up by Ed, an Australian resident. It is incorporated in Singapore and has two directors who are resident in Singapore and who hold board meetings in Singapore. Each director has two shares in the Big Bang Company, which they hold on trust for Ed. The Big Bang Company owns real property, all of which is outside Australia, and makes […]
Meg names Lois the beneficiary of a $130,000 life insurance policy on Meg’s life. The beneficiary designation is not irrevocable. ($0 b. c. $0 $95,000 First, compute the cumulative taxable gifts. Items (select all that apply, leave those that don’t blank) 1974 taxable gifts 1998 taxable gifts 2013 taxable gifts exclusion amount gift tax rate unified credit available Cumulative taxable gifts: ________ Meg Tax at […]
Ali Katt Manufacturing produces Powercat T-shirts. Prepare t-accounts for Cash, Raw material Inventory, work in process inventory, finished goods inventory, cost of goods sold, manufacturing overhead, sales, selling and administrative expenses and owner’s equity. Record the effects of the events in the t-accounts. Show the event letter next to each entry. Prepare an income statement and balance sheet for Ali Katt Manufacturing.a. Ali Katt began […]
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