What is accounting theory

g here are three divisions in Company Z. Here are their operating results: Division A Division B Division C Operating Income $12,000 $10,000 $16,000 Average Operating Assets (invested capital) $42,000 $45,000 $80,000 Sales $120,000 $100,000 $160,000

CrayFry offers a discount on an extended warranty on its CrayFrier when the warranty is purchased at the time the fryer is purchased. The warranty normally has a price of $25, but CrayFry offers it for $20 when purchased along with a fryer.

A lessor is paid $45,000 by its commercial tenant as a lease cancellation fee. The tenant wanted to get out of its lease so it could move to a different building. The lessor has held the lease for three years before it was canceled.

The policy of using trade barriers to protect domestic industries from foreign competition is called a. free market. c. managed trade. b. protectionism. d. free trade.

Boaz Company had the following information: Estimated Overhead $ 300,000 Actual Overhead $ 350,000 Estimated labor hours 75,000 Actual labor hours 84,000 What is the predetermined overhead rate if labor hours are used as the allocation base? a. $3.

Do you think I could ever start a band?

g. Kings Donut Inc common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual dividend of $1.20. What is the rate of growth of its dividend? Assume stock is in equilibrium.

Jason Jewelers reported the following in its statement of cash flows: Net cash provided by operating activities $140,000 Net cash provided by investing activities 120,000 Net cash used by financing activities 150,000.

Evan Company reports net income of $140,000 each year and declares an annual cash dividend of $50,000. The company holds net assets of $1,200,000 on January 1, 2017.

Those who believe that regulations on business and industry are too numerous and too complex are most likely to favor the policy of