The following are selected ledger accounts of spock corporation at december 31, 2014.cash $188,060 salaries and wages expense (sales) $287,060inventory 538,060 salaries and wages expense (office) 349,060sales revenue 4,278,060 purchase returns 18,060unearned sales revenue 120,060 sales returns and allowances 82,060purchases 2,789,060 freight-in 75,060sales discounts 37,060 accounts receivable 145,560purchase discounts 30,060 sales commissions 86,060selling expenses 72,060 telephone and internet expense (sales) 20,060accounting and legal services 36,060 utilities expense (office) 35,060insurance expense (office) 27,060 miscellaneous office expenses 11,060advertising expense 57,060 rent revenue 243,060delivery expense 96,060 extraordinary loss (before tax) 73,060depreciation expense (office equipment) 51,060 interest expense 179,060depreciation expense (sales equipment) 39,060 common stock ($10 par) 903,060spocks effective tax rate on all items is 30%. a physical inventory indicates that the ending inventory is $689,060.prepare a condensed 2014 income statement for spock corporation. round to the nearest two decimals.

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.