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Business, 22.04.2020 01:56 spezzatti221
Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufactures
sophisticated spy cameras for remote-controlled military reconnaissance aircraft The company, which is privately owned,
has approached a bank for a loan to help it ļ¬nance its growth The bank requires ļ¬nancial statements before approving
such a loan. You have been asked to help prepare the ļ¬nancial statements and were given the following list of costs:
1 Depreciation on salespersonsā cars.
2 Rent on equipment used in the factory.
3. Lubricants used for machine maintenance.
4. Salaries of personnel who work in the ļ¬nished goods warehouse.
5. Soap and paper towels used by factory workers at the end of a shift.
6. Factory supervisorsā salaries.
7. Heat, water, and power consumed in the factory.
8. Materials used for boxing products for shipment overseas. (Units are not normally boxed.)
9. Advertising costs.
10. Workers' compensation insurance for factory employees.
11 Depreciation on chairs and tables in the factory lunchroom.
12 The wages of the receptionist in the administrative offices.
13. Cost of leasing the corporate jet used by the company's executives.
14. The cost of renting rooms at a Florida resort for the annual sales conference.
15. The cost of packaging the company's product
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Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufact...
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