Entries by mary WAMBUGU

Victoria ±alls ±lour Mill Company started many years ago producing a single product. It has grown to produce many diverse consumer products ranging from foods to paper goods.

August 27, 2019 in /by

Victoria Falls Flour Mill Company started many years ago producing a single product.  It has grown to produce many diverse consumer products ranging from foods to paper goods.  Currently, the corporation is barely making a profit, and the price of its stock has languished.  Division managers have traditionally been incentivized with stock options and awards.  […]

 

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Ozark Corporation reported net income of $100,000 for 20X5. The income statement revealed sales of $1,000,000; gross profit of $520,000; selling and administrative costs of $340,000

August 27, 2019 in /by

Ozark Corporation reported net income of $100,000 for 20X5. The income statement revealed sales of $1,000,000; gross profit of $520,000; selling and administrative costs of $340,000; interest expense of $20,000; and income taxes of $60,000. The selling and administrative expenses included $25,000 for depreciation. No equipment was sold during the year. Equipment purchases were made […]

 

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Women’s heights are normally distributed with a mean µ = 63.6 in and a standard deviation σ = 2.5 in. (a) If one woman is chosen at random, find the probability that her height is between 63.0 and 65.0 in.

August 27, 2019 in /by

Women’s heights are normally distributed with a mean µ = 63.6 in and a standard deviation σ = 2.5 in.(a) If one woman is chosen at random, find the probability that her height is between 63.0 and 65.0 in. (b) Find the height above which 60% of the women’s heights lie.   Looking for a […]

 

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Information for three di±erent companies follows. Each company applies factory overhead at the rate of 40% of direct labor cost. In each scenario, the following entry was made to record the actual overhead costs:

August 27, 2019 in /by

Information for three different companies follows.  Each company applies factory overhead at the rate of 40% of direct labor cost.  In each scenario, the following entry was made to record the actual overhead costs:   Factory Overhead   85,000       Salaries Payable     50,000     Utilities Payable     15,000   […]

 

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