Entries by Munene david

Question 7 During all of fiscal year 2017, Alpha Corporation had outstanding

May 5, 2020 in /by

Question 7 During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 7% preferred stock. For 2017, Alpha Corporation had $230,000 income from continuing operations and $575,000 loss on discontinued operations; dividends were paid only to preferred shareholders. Use this information to […]

 

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You are considering selling your family’s auto parts company

May 5, 2020 in /by

You are considering selling your family’s auto parts company. If the average P/E ratio of a company in the auto-parts industry is 12 and last year your company had earnings of $32m, what is an estimate for the value of your company?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use […]

 

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MATERIALS AND MANUFACTURING LABOR VARIANCES, STANDARD COSTSDunn

May 5, 2020 in /by

MATERIALS AND MANUFACTURING LABOR VARIANCES, STANDARD COSTSDunn, Inc., is a privately held furniture manufacturer. For August 2018, Dunn had the following standards for one of its products, a wicker chair:Standards per ChairDirect materials  2 square yards of input at $5 per square yardDirect manufacturing labor  0.5 hour of input at $10 per hourThe following data were compiled […]

 

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Alpha Company provided the following data concerning its income statement

May 5, 2020 in /by

Alpha Company provided the following data concerning its income statement: sales, $1,015,000; purchases, $386,000; beginning inventory, $200,000; ending inventory, $227,000; operating expenses, $120,000; freight-in, $5,000; sales discounts, $27,000; purchases discounts, $15,000; sales returns & allowances, $92,000; and purchases returns & allowances, $32,000. The data are complete and provide the basis for preparation of an income statement. How […]

 

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