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Type: Posts; User: fustrated

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  1. Lifo, fifo, Method of inventory valuation/ depreciation

    Using these Ratios that have been Computed from financial statements:
    Current ratio = 1.75... (70,000 / 40,000)
    Debt-to-equity ratio = .83... (100,000 / 120,000)
    Return on sales = .10... (40,000 /...
  2. Answers
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    308

    computing ratios check

    The Problem is:
    The balance sheet fot the BDare Company showed liabilities and stockholders' equity balances at the end of each year as given below:

    ____________________________ 2008_________ ...
  3. Question: Answers check

    by fustrated
    Answers
    1
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    1,400

    answers check

    1.The following transactions relate to the stockholders' equity transactions of Lindsay Corporation for its initial year of existence.

    (a) Jan. 7 Articles of incorporation are filed with the...
  4. Answer: Lease of computers with estimated economic life of 15 years, journal entries

    7. On January 2, 2005, the Wilcox Studios leased six computers for use in the engineering department. The lease period is for 13 years and the estimated economic life of the leased property is 15...
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    961

    2007 tax, about bad debt (loan)deduction

    Steinar loaned a friend $9,500 three years ago to buy some stock. In the current year the debt became worthless. a. How much is Steinar's deduction for the bad debt for this year? (assume he has no...
  6. Answers
    2
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    2,962

    Tax social security benefits gross income

    My question is I am single taxpayer, and I received $6,000 in Social Security benefits. My adjusted gross income for the year was $18,000 not including my social security benefits and I also received...
  7. Answers
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    6,413

    what journal entries for inventory adjustment

    The cost (FIFO method) of locus invontory at July 31, was $32,439. The market value at July 31, of this inventory was 31,833.

    How do I do an adjusting journal entry for this?

    Do I dr income...
  8. What is principle based system of accounting?

    Hi
    I would like to know what a principle-based system of accounting is and what would be the advantages and disadvantages of it.
    Thanks
    fustrated:)
  9. I would like someone to see if my income statement looks correct

    I have prepared an income statement including earnings per share data, for the year ended December 31, 2008 and I would like to have someone take a look and see if I did it correctly. If it is not...
  10. Multiple-step income statement in good form and retained earnings statement

    Hi
    I would like someone to check to see if I did this correctly, if I did not then please help.
    Thanks
    The Problem is:
    The following pretax amounts pertain to River Corp. for the year ended...
  11. Answers
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    884

    Hello Theonenonly You are not alone, many of us...

    Hello Theonenonly
    You are not alone, many of us feel some of the same feelings, It is normal to feel blue.
    I think that it is possible that you are getting depressed but many of us do. The key is...
  12. Income statements Costing, checking my work

    There was no finished goods inventory on July 1, 2008, for Royal Essentials. The company operated the manufacturing facility at 100% of capacity during July. The following data summarize the...
  13. Answers
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    5,011

    Factory overhead cost

    Hello
    I need someone to help me figure this out. Please I have started am I doing it correctly?

    The estimated total factory overhead cost and total machine hours for Department 40 for the...
  14. Prepare a cost of production report. Just, look over what I have done.

    Hi
    could someone please let me know if this is correct?
    If not please help me.
    Thanks
    :)
    The inventory at May 1 and the costs charged to Work in Process_ Department B during May for Star...
  15. Answers
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    1,339

    Predetermined rate

    I have been trying to work this problem out & I'm drawing a blank. Can someone check out what I have started and show me where to go from here. PLEASE

    PROBLEM IS:
    Prine Co. manufactures...
  16. homework break-even take a look is this correct?

    Hi
    I would appreciate it if someone will check out my problem and see if I did it correctly, and if not help me out.
    Thanks

    The problem is:

    Currently, the unit selling price is $30, the...
  17. High-low method, contribution margin per case, fixed costs, break-even

    Hi everyone,

    Royal Essentials, Inc. begin operations on January 1, 2008. The company produces a hand and body lotion in an eight-ounce bottle called Eternal Beauty. The lotion is sold wholesale...
  18. Answers
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    989

    I just found out that my system has a short in...

    I just found out that my system has a short in the wire that is to the switch and the lights, so I replaced this with new and now my system is working.
    Thanks
    For your answers anyway.
    fustrated
  19. Answers
    3
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    989

    Windows xp not operating

    Yesterday I logged on and windows came up as usual, then I tried to dial up and all the sudden my screen went black, I re booted and pushed f1 nothing, then f10 system restore. My compaq presario...
  20. Question: Finance

    by fustrated
    Answers
    1
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    1,243

    Analysis of Financial Statements - by Leopold A....

    Analysis of Financial Statements - by Leopold A. Bernstein, John J. Wild - 529 pages
    Financial accounting - by Gary A. Porter, Curtis L. Norton
    Home Health Financial Management - by Tad McKeon,...
  21. Rate earned on total assets, stockholders' equity, common stockholders'

    From the following data determine for the current year the a rate earned on total assets, b. rate earned on stockholders' equity, c. rate earned on common stockholders' equity, d. earnings per share...
  22. Answers
    5
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    1,607

    Thank you, for all your help fustrated

    Thank you, for all your help
    fustrated
  23. Answers
    5
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    1,607

    I am not sure. It is just on a list from the...

    I am not sure. It is just on a list from the balance sheet. I will have to dig deeper and find out.

    Thank so much for your help
    Very much appreciated.

    fustrated
  24. Answers
    5
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    1,607

    What to use to get acid-test or quick ratio

    Do you include accrued liabilities when figuring the liabilities for getting your quick ratio and or acid-test ratio:confused:

    I know I include accounts payable, income tax payable, notes...
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    2,071

    Thank you for your help.:)

    Thank you for your help.:)
  26. Answers
    2
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    2,071

    How to present these bond entries

    The problem is: On the first day of the current fiscal year, 2,000,000 of 10-year, 7% bonds, with interest payable annually, were sold for $2,125,000. Present entries to record the following...
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