Write the journal entry that records the purchase
On February 5, land, building and equipment were purchased for a total amount of $1,220,000. The assessed values of these purchases were, Land - $793,000; Building - $305,000; Equipment - $427,000. Write the journal entry that records the purchase.
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Hear bird songs and feel rain and sunshine on your skin. Watch the sun rise and set, and notice how the shadows change. What's wrong with the world and its people?
Should ROI be the only gauge a company uses to evaluate investments? Also, is it wise for a company to lose money on one product if that product is vital to the sale of another extremely profitable product?What do ROI stand for?
Write a short story about the company based on the information from the financial statements you just prepared. You may want to include comments about the profitability and debt load of the company.
Foyert Corp. requires a minimum $7,500 cash balance. If necessary, loans are taken to meet this requirement at a cost of 2% interest per month (paid monthly).
On February 5, land, building and equipment were purchased for a total amount of $1,220,000. The assessed values of these purchases were, Land - $793,000; Building - $305,000; Equipment - $427,000.
Discuss how and why interest expense is allocated between measurement periods.As a business manager should you be concerned when notes payable are used in funding the operations of the business.
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Assume that the measurements represent a random sample from a normal population, find a 95% prediction interval for the apartment vacancy rate in Minneapolis during the next survey.
Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day of sales in accounts receivable require?
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