Category: Law

Order answer: Refer to the information for Hershey on pages 4 64 and

Law

Order answer: Refer to the information for Hershey on pages 4 64 and

Posted By George smith

Refer to the information for Hershey on pages 4-64 and 4-65. Required: Compute the common-size balance sheet for 2010 and the rate of change balance sheet for 2010. Which two asset accounts and which two liabilities and shareholders’ equity accounts are the largest relative to

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Order answer: Refer to the information for Hershey on pages 4 64 and

Law

Order answer: Refer to the information for Hershey on pages 4 64 and

Posted By George smith

Refer to the information for Hershey on pages 4-64 and 4-65. Additional information for 2010 is as follows (amounts in millions): Total sales …………………..$5,671.0 Costs of goods sold ………….3,255.8 Net income ……………………..509.8 Required: Next Level Compute the following ratios for 2010. Provide a brief description

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Order answer: Brandt Company presents the following December 31 2013 balance sheet The

Law

Order answer: Brandt Company presents the following December 31 2013 balance sheet The

Posted By George smith

Brandt Company presents the following December 31, 2013, balance sheet: The following information is also available: 1. Current assets include cash, $3,800; accounts receivable, $18,500; notes receivable (maturity date July 1, 2015), $10,000; and land, $12,000. 2. Long-term investments include a $4,600 investment in available-for-sale

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Order answer: Backus Inc makes and sells many consumer products The firm s

Law

Order answer: Backus Inc makes and sells many consumer products The firm s

Posted By George smith

Backus Inc. makes and sells many consumer products. The firm’s average contribution margin ratio is 35%. Management is considering adding a new product that will require an additional $15.000 per month of fixed expenses and will have variable expenses of $7.80 per unit. Required: a.

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Order answer: Pam and Lenny s ice cream shop charges 1 25 for a cone

Law

Order answer: Pam and Lenny s ice cream shop charges 1 25 for a cone

Posted By George smith

Pam and Lenny’s ice-cream shop charges $1.25 for a cone. Variable expenses are $0.35 per cone, and fixed costs total $1,800 per month. A “sweetheart” promotion is being planned for the second week of February. During this week, a person buying a cone at the

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Order answer: Show n here is an income statement in the traditional

Law

Order answer: Show n here is an income statement in the traditional

Posted By George smith

Show n here is an income statement in the traditional format for a firm with a sales volume of 8.000 units. Cost formulas also are show n: Revenues…………………………………………………………………………………………………….. $32.000 Cost of goods sold ($6.000 – $2.1 10/unit)……………………………………………………….. 22.800 Gross profit…………………………………………………………………………………………………….$9.200 Operating expanses: Selling (S1.200 +

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Order answer: The cash data of Duffy Automotive for July 2016 follow Duffy

Law

Order answer: The cash data of Duffy Automotive for July 2016 follow Duffy

Posted By George smith

The cash data of Duffy Automotive for July 2016 follow: Duffy Automotive received the following bank statement on July 31, 2016: Additional data for the bank reconciliation include the following: a. The EFT deposit was a receipt of monthly rent. The EFT debit was a

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Order answer: Mark Farmer chief financial officer of Carvel Wireless is responsible

Law

Order answer: Mark Farmer chief financial officer of Carvel Wireless is responsible

Posted By George smith

Mark Farmer, chief financial officer of Carvel Wireless, is responsible for the company’s budgeting process. Farmer’s staff is preparing the Carvel cash budget for 2017. A key input to the budgeting process is last year’s statement of cash flows, which follows (amount in thousands): Requirements

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Order answer: Megan Williams the chief financial officer is responsible for Dollar

Law

Order answer: Megan Williams the chief financial officer is responsible for Dollar

Posted By George smith

Megan Williams, the chief financial officer, is responsible for Dollar Depot’s cash budget for 2017. The budget will help Williams determine if long-term borrowing is needed to end the year with a cash balance of $175,000 or if the company will have excess cash to

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Order answer: The president of The Parkview Company has recently become concerned

Law

Order answer: The president of The Parkview Company has recently become concerned

Posted By George smith

The president of The Parkview Company has recently become concerned that the bookkeeper has embezzled cash from the company. She asks you, confidentially, to look over the bank reconciliation that the bookkeeper has prepared to see if you discover any discrepancies between the books and

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