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Ammar Company - gain or loss due to change in exchange rates

A year ago, Ammar Company had inventory in Britain valued at 240,000 pounds. The exchange
rate for dollars to pounds was 1 pound = 2 U. S. dollars. This year the exchange...

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Category:Financial Management on 18 Apr, 2014

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Onita Corporation - Project's NPV and IRR

The following information is given to you by Onita Corporation for a new project. The
project has a 3-year tax life and would be fully depreciated by the straight-lin...

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Category:Financial Management on 18 Apr, 2014

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Isabel Lopez Biz Consulting - record the transactions

Isabel Lopez started Biz Consulting, a new business, and completed the following transactions
during its first year of operations. a. I. Lopez invests $70,000 cash and of...

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Category:Financial Accounting on 18 Apr, 2014

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Gelato Supremo - revenue and spending variances

Gelato Supremo is a popular neighborhood gelato shop. The company has provided the following
data concerning its operations: Fixed Fixed ...

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Category:Cost Accounting on 18 Apr, 2014

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Sis Company - bond issue and interest expense

The Sis Company issued $600,000 of 12% bonds on January 1, 2008. The bonds were sold
for $664,190 and they were expected to yield 10% interest compounded semiannually. T...

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Category:Financial Accounting on 18 Apr, 2014

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Hannah's Homemade Cookies - process the cookies further

Hannah's Homemade Cookies produces and sells delicious shortbread cookies. The cost of
producing a bag of cookies is $.65 and the bag sells for $3.75. Hannah is consi...

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Category:Management Accounting on 18 Apr, 2014

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