Business, 13.11.2019 05:31 amanda2517

Suppose that you have been given a summer job as an intern at issac aircams, a company that spy cameras for remote-controlled military reconnaissance aircraft. the company, which is privately owned, has approached a bank for a loan to it finance its growth. the bank requires ﬁnancial statements before approvingsuch a loan. you have been asked to prepare the financial statements and were given the following list of costs: 1. depreciation on salespersons’ cars.2. rent on equipment used in the factory.3. lubricants used for machine maintenance.4. salaries of personnel who work in the finished goods warehouse.5. soap and paper towels used by factory workers at the end of a shift.6. factory supervisors’ 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.

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Suppose that you have been given a summer job as an intern at issac aircams, a company that spy cam...

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