Gross profit percentage: Mike sold a 40-acre tract of land for $500,000 on January 1. The land had an adjusted basis of $300,000. The agreement specified a down payment of $100,000, with the remaining $400,000 sales price to be paid over a five-year-note term at 10% interest. (a) What is the gross profit percentage from […]
Stakeholders/ Responsibility Matrix Provide
Bea Jones (age 32) moved from Texas to Florida in December 2013. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea’s Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2014 for her job as a manager at a Florida shrimp-processing plant are: Bea’s other income includes […]
Identify the three most important factors to consider when selecting the strategies you will use to implement problem solutions. Justify your selections by providing specific business examples that support your ideas.
The net changes in the Statement of Financial Position accounts of Eusey, Inc. for the year 2011are shown below:Account Debit CreditCash $ 125,600Accounts receivable $ 64,000Allowance for doubtful accounts 14,000Inventory 217,200Prepaid expenses 20,000Long-term investments 144,000Land 300,000Buildings 600,000Machinery 100,000Office equipment 28,000Accumulated depreciation:Buildings 24,000Machinery 20,000Office equipment 12,000Accounts payable 183,200Accrued liabilities 72,000Dividends payable 128,000Premium on bonds 32,000Bonds payable […]
Project A has an IRR of 11%. Project B has an IRR of 18%. Both projects have normal (standard) cash flows and a cost of capital of 14%. Which of the following statements is correct?
E184(Recognition of Profit on Long-Term Contracts) During 2010 Nilsen Company started a construction job with a contract price of $1,600,000. The job was completed in 2012. The following information is available. 2010 2011 2012Costs incurred to date$400,000$825,000$1,070,000Estimated costs to complete600,000275,000-0-Billings to date300,000900,0001,600,000Collections to date270,000810,0001,425,000InstructionsCompute the amount of gross profit to be recognized each year assuming […]
A customer charges a treadmill at Mike’s Sport Shop. The price is $2,000 and the financing charge is 9% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer’s account.What is the amount of the […]
Please help provide clear and excellent work thank you…. What is being done by the Bill and Melinda Gates Foundation in the following areas: 1. Corporate Social Responsibility 2. Environmental Sustainability Be specific with examples.
This economy has only two industries and labor is the only input for both industries. workers are indifferent about which industry they work in and all workers are identical and able to move freely across the two industries. a war has led to increased demand in the defense industry.
