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At the beginning of 2011, Clay Ventures has accounts receivable of $100,000. By the end of 2011, Clay reports net credit sales of $1,900,000, cost of goods sold of $920,000 and accounts receivable of $200,000. What is the average collection period for 2011 for Clay?
a. 39.7 days
b. 59.5 days
c. 28.8 days
d. 38.4 days
Identify at least two different accounting careers that you would like to pursue. What excites you about these careers?
Casey owned stock in Jupiter Corporation that he donated to a university (a qualified charitable organization) on December 30, 2009. What is the amount of Casey's deduction assuming that he had purchased the stock for $10,000 on January 3, 2009, a..
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Stacey and Andrew each own one-half of the stock in Parakeet Corporation, a calendar year taxpayer. Cash distributions from Parakeet are: $350,000 to Stacey on April 1 and $150,000 to Andrew on May 1.
submit your responses to the following questions in a 1-2 page summary1.explain how organizations in the not-for-profit
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