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Alliance software began 2009 with accounts receivable of $115,000, All sales are made on credit. Sales and cash collections from customers for the year were $780,00 and $700,000 respectively. Cost of goods sold for the year was $450,000. what was Alliances's receivable turnover ratio for 2009?
(a) what is meant by the term "lobbying"? (b) who would be likely targets of coca cola Amatil's lobbying activities ? (c) why would adoption of international standards do heavily affect coca cola Amatil?
At the beginning of 2008, a decision was made to change to the straight-line method of depreciation for this equipment. Assuming a 30% tax rate, the cumulative effect of this accounting change on beginning retained earnings, net of tax, is
Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010.
Comment on the appropriateness of this viewpoint. Prepare a report outlining the need for regulation in accounting and why a free market for accounting information is not ideal.
Investment in working capital needed to service the project is treated in the net present value method as:
The cost of the measure is to be paid by a special tax. Although most of the townspeople believe the sea aquarium is a good idea, there is disagreement about how the tax should be levied.
Identify the major users of financial reporting and the types of information each will use.
There were 1,100 units in beginning goods in process inventory, and they were 70% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weight..
Each unit requires 4 poundsof material that costs $6 each. Sommer's production budget should be:
On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 by the retail method?
Company began operations on January 1, 2010, and appropriately uses the installment method of accounting. The following data are available for 2010:
A business receives a cash payment for services rendered. Which of the following occurs?
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