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Alpaca Corporation had revenues of $325,000 in its first year of operations. The company has not collected on $20,400 of its sales and still owes $28,500 on $98,500 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $14,200 in salaries. Owners invested $21,500 in the business and $21,500 was borrowed on a five-year note. The company paid $5,000 in interest that was the amount owed for the year, and paid $9,000 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 9%.Compute the cash balance at the end of the first year for Alpaca Corporation.
Explain the difference between sensitivity and scenario analysis when using spreadsheets in the budget process?
At the end of the year, Watkins still holds only $20,000 of mechandise. What ammount of unrealized gross profit must Panner defer in reporting this investment using the equity method?
1. section 119 excludes the value of lodging from the employees gross incomea. whenever the employer pays for the
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nowadays manufacturing is considering an investment proposal with the following informationcost 450000useful life 6
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the rogers leasing company signed an agreement to lease an asset that has a fair value of 800000 on december 312010.
Colt Company sells merchandise on account for $1,800 to James Company with credit terms of 2/10, n/30. Jones Company returns $300 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amo..
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