Chapter 3, Problem 7E

Adams Corp. has a gross profit of $1,200,000 and $350,000 in depreciation expenses. Selling and administrative expenses amount to $175,000. The tax rate is 35%. Compute the cash flow for Adams Corp. a. $750,000 b. $198,750 c. $788,750 d. $806,250

General accounting

General accounting

Three years after the intercompany equipment sale

Omega Industries has total material costs of $50,800 and total conversion costs of $74,600. The equivalent units of production are materials: 14,500 units and conversion costs: 15,500 units. Compute the unit costs for materials, conversion costs, and total manufacturing costs. (Round answers to 2 decimal places.)

In September, a processing department at Omega Corporation had an ending work in process inventory of $18,500. During the month, $680,000 of costs were added to production, and the cost of units transferred out was $700,000. What was the cost of beginning work in process inventory for the department in September? a) $38,500 b) $48,500 c) $28,500 d) $18,500

Suppose you received a total of $1,245 in dividends plus $16,430 in proceeds from selling 520 shares of Tesla Inc. that you had bought at $28.75 a share. What is your capital gains yield on this stock? Answer this financial accounting problem. a. 14.92% b. 9.90% c. 16.54% d. -2.43% e. 7.65%

Suppose you received a total of $1,245 in dividends plus $16,430 in proceeds from selling 520 shares of Tesla Inc. that you had bought at $28.75 a share. What is your capital gains yield on this stock? Answer this financial accounting problem. a. 14.92% b. 9.90% c. 16.54% d. -2.43% e. 7.65% MCQ

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