(ST-1) the Calgary company is attempting to establish a current assets policy. Fixed assets are $600‚00‚ and the firm plans to maintain a 50 percent dept-to-assets ration. Calgary has no operating current liabilities. The interest rate is 10% on all dept. three alternative current asset policies are under consideration: 40‚ 50‚ and 60% of projected sales. The company expects to earn 15% before interest and taxes on sales of $3 million. Calgary effective federal-plus-state tax rate is 40%. What is
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Re: Case 2 Three Little Pigs‚ Inc. I’m writing this in response to your question on how should the Company determine whether an impairment exists and how should management evaluate impairment. The Company should record inventory impairment when according to ASC 330-10-35-1‚ “the utility of the goods is no longer as great as their cost”. The rule also states “where there is evidence that the utility of goods‚ in their disposal in the ordinary course of business‚ will be less than cost‚ whether
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CHAPTER 22 Multiple Choice 22-1: b. (P500‚000 – P300‚000) 22-2: d. The total tuition fees for educational and general purposes. 22-3: d. (P1‚240‚000 – P160‚000) 22-4: a. Unrestricted cash contribution received from donors are to be reported as increase in net cash provided by operation. 22-5: d. The remaining contribution of P5‚000 on December 31‚ 2004. 22-6: b. Unregistered pledges from donors are treated as revenues at the time of the pledge. 22-7: d
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Current trends in Automobile aftersales Business: (Identifying the main areas of aftersales business where major changes have occurred over the last 5 years) The business dynamics in the automobile aftersales industry has seen some major changes in the last-5 years. While struggling with problems of overcapacity‚ lower sales and margins‚ customer retention etc. the manufacturers have been forced to rethink about their approach to after sales business as they have understood that aftersales can be
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BU 122 Assignment 6 BYP 22-2 TBoillard (a) The variable costs per unit are: Cost of goods sold ($600‚000 ÷ 200‚000) = $3.00 Selling expenses ($140‚000 ÷ 200‚000) = .70 Administrative expenses ($40‚000 ÷ 200‚000) = .20 Total
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Case 22: Herman Miller Inc. History- Herman Miller’s roots go back to 1905 and the Star Furniture Company‚ a manufacturer of traditional-style bedroom suites in Zeeland‚ Michigan. In 1909 the company was renamed Michigan Star Furniture Company and hired Dirk Jan De Pree as a clerk. De Pree became president in 1919 and four years later convinced his father-in-law‚ Herman Miller‚ to purchase the majority of shares; De Pree renamed the company Herman Miller Furniture Company in recognition of Miller’s
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The Evolution of the Automobile The official definition of an automobile is “a passenger vehicle designed for operation on ordinary roads and typically having four wheels and a gasoline or diesel internal-combustion engine” (Merriam-Webster 51). There is no one person accredited for the invention of the automobile‚ but rather a collection of advancements that evolved into the modern-day automobile (Smith 12). Today‚ there are approximately 600 million passenger vehicles in existence worldwide
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ENGLlOO Christensen A Cultural Disassociation InThe Lone Ranger and Tonto Fist/ight in Heaven‚ by Sherman Alexie‚ the three short stories‚ "A Drug Called Tradition‚" "This Is What It Means to Say Phoenix‚ Arizona‚" and "The Trial of Thomas Builds-the-Fire‚" depict the Native American experience with their own cultural past through Thomas Builds-the-Fire. In "A Drug Called Tradition‚" Victor‚ Junior and Thomas volunteer themselves to the effects of magic mushrooms and go on a trip
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Cindy Sherman ranks as probably one of the best camera artists who use themselves as a medium of expression. Although he work consists of photographs of herself‚ her works should not be considered to be merely self-portraits: they are much more than that. She has transformed and staged herself as an unnamed actresses in undefined B-grade movies‚ make-believe television characters‚ pretend porn stars‚ undifferentiated young women in ambivalent emotional states‚ fashion mannequins‚ monsters from
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