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a. Purchased $25,000 of merchandise from presidio Co. account terms 2/10, n /30 b. Paid the amount owed on the invoice within the discount period c. Discovered that $5,000 of the merchandise was defective and returned items reveing credits d.purchased $4000 of merchandise from Presidio Co. on account terms n /30 e.Received a check for the balance owed from the return of bad murchandise
Company assembles computers from components supplied by various manufactures. Listed below are the costs incurred by the company this year: What is the amount of indirect manufacturing costs for the year?
identify at least three 3 risks and three 3 benefits of using the perpetual inventory management system. discuss the
What three ratios would you list as the most important? Why? Which ratios would external users be most interested in? Why? Which ratios would best help internal users manage the business?
Complete the sales budget by filling in the missing amounts. Determine the amount of sales revenue Camtech will report on its second quarter pro forma income statement.
Kentucky Enterprises purchased a machine on January 2, 2010, at a cost of $120,000. An additional $50,000 was spent for installation, but this amount was charged erroneously to repairs expense. The machine has a useful life of five years and a sal..
questionnbspone idea that the consultant had was to reduce prices to bring in more customers. if average prices were
the selling and administrative expense budget of fenley corporation is based on the number of units sold which are
Norma, the proprietor of Hyacinth Enterprises, withdrew $50,000 from Hyacinth during the year. Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2009?
Jolly Blue Giant Health Insurance (JBGHI) is concerned about rising lab test costs and would like to know what proportion of the positive lab tests for prostate cancer are actually proven correct through subsequent biopsy. JBGHI demands a sample l..
What is the underlying rationale for Alimony Rules: A. The income should be taxed to the person with a claim of right to the income B. The income should be taxed to the person who enjoys the benefits of the income
what are some of the different types of budgets?describe in detail one type of budget covered in the text.describe what
Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.)The December 31, 2010 balance sheet of Wolfe Co. included the following items: 7.5% bonds payable due December 31, 2018 $1,200,000
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