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a companys sales are 50 in cah and 50 on credit 70 of the credit sales are colected in the month of the sale 20 in the month following the sale and 5
zorn conducted his professional practice through zorn inc the corporation uses a fiscal year ending september 30 even though the business purpose
what accounting method cash or accrual would you recommend for the following businessesa a gift shop with average annual gross receipts of 900000b an
here is the income statement for belding inc belding inc income statement for the year ended december 31 2012 sales 400000 costs of goods sold 250000
harper co provided the following information concerning two products contribution margin per unit- product 12 46 contribution margin per unit-product
middlehurst house is a daycare centerpreschool which operates as a partnership of george friedman and bill compton the center is in a city that has a
data for 2013 were as follows pbo january 1 244000 and december 31 274000 pension plan assets fair value january 1 190000 and december 31 233000 the
a company is evaluating a project requiring capital expenditure of 620000 estimated life of project is four years and no salvage value estimated net
the net present value has been computed for proposals a and bproposal a proposal binvested amount 75000 125000total present value of cash 84000
a a company has 7000 obsolete toys carried in inventory at a manufacturing cost of 6 per unit if the toys are reworked for 2 per unit they could be
materials used by company x in producing division as product are currently purchased from outside suppliers at a cost of 30 per unit but the same
mauve corporation began operations as a farm supplies business and used a fiscal year ending september 30 the company gradually went out of the farm
government departments should take audit report seriously by preparing annual financial statement on timebased on the above statement suggest ways on
what are some examples of co branded foods is cool ranch doritos
if fixed costs are 259238 the unit selling price is 112 and the unit variable costs are 63 what is the break-even sales
partners f and g receive an interest allowance of 10000 and 15000 respectively and divide the remaining profits and losses in a 31 ratio if the
oneill co has 298106 in accounts receivable on january 1 budgeted sales for january are 840001 oneill expects to sell 20 of its merchandise for cash
tally amp co incurred a pretax operating loss of 100000 in its first year of operations for both financial reporting and income tax purposes however
the following information was taken from the books and records of ludwick inc1 net income 2800002 capital structurea convertible 6 bonds each of the
describe the concept of full cost recovery with illustrative
bakers bagels llc produces and sells 20 types of bagels by the dozen bagels are priced at 600 per dozen or 050 each and cost 020 per unit to produce
1 which inventory methods are used by lowes mark all that applya weighted-averageb fifoc lifod dollar-value lifoe retail lifof retail dollar-value
the following data has been taken from the management accounting reports from spinnaker sales div a -income from operations 1800000 total service