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A companys payroll runs $2,800 every two weeks ($200 per day) The last pay day was Friday December 19th and the next pay day will be January 2nd. Prepare the adjusting entry needed on December 31.
1. why do we say money has time value?2. why is it important for business managers to be familiar with time value of
Assume that the risk-free rate is 6 percent and the expected return on the market is 13 percent. What is the required rate of return on a stock that has a beta of 1.2?
prepare year-end adjustments to the following situations. omit explanations.accrued interest on notes receivable is
A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000, variable costs were 70% of sales, and sales were $1,000,000. Operating profit was:
Which pair of accounts follows the rules of debit and credit, in relation to increases and decreases, in the same manner?
Discuss whether Lydia Delay behaved in a professional manner by subtracting the discount, even through the discount period had expired. -What would you do? -How should Midwest handle this payment and the irregular use of the discount?
The renovations cost $50,000 and have a useful life of 8 years. Lisa's Boutique will record occupancy expense for the year ended December 31, of :
Please describe the accounting treatment when a company purchases less than 20% of another company's stock. Please describe how revenue and dividends are treated when the equity method is used.
DeCort Company had these adjusting entry situations at the end of December:May 1-paid $960 for a two -year insurance policy. The policy was for the period May 1-April 30(for 2yrs). This is the first year of the policy-Transaction was recorded as i..
Compute the specified ratios using Bryce Company's balance sheet at December 31, 2008.
What method would be most appropriate for calculating the division's return on investment (ROI)? Why? Using this method, what is ROI for the current year?
lebeau company recently purchased some property for 2500000. it was a large parcel of land with an old building on it.
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