At what stage of growth is a business profitable, with enough money to reinvest into the company?

Wayman Corporation reports the following amounts in its December 31, 2018, income statement. Sales revenue $ 376,000 Income tax expense $ 48,000 Interest expense 18,000 Cost of goods sold 128,000 Salaries expense 38,000 Advertising expense 28,000

Goodmark Company produces two types of birthday cards: scented and regular. Expected product data for the coming year are given below. Overhead costs are identified by activity.

Richard has an outstanding order with his stock broker to purchase 1,000 shares of every ipo. the next three ipos are each priced at $30 a share and will all start trading on the same day.

Presented below are two independent situations. Gambino Cosmetics acquired 10% of the 200,000 shares of common stock of Nevins Fashion at a total cost of $13 per share on March 18, 2015. On June 30, Nevins declared and paid a $60,000 dividend.

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Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment will produce 1,040,000 units over its 5-year useful life and has a salvage value of $17,000.

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A small company that manufactures rubber boots is selecting a method to forecast demand for the next 10 years. The company recently expanded its facilities, doubling its capacity. Which of the following forecasting methods would be preferred? A.

A demand curve: 1. shows the relationship between income and spending. 2. shows the relationship between price and quantity supplied. 3. indicates the quantity demanded at each price in a series of prices. 4. graphs as an upsloping line.

Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5, year 4, with the unanimous consent of its shareholders.