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Below is selected data for Gertup Corporation as of 12/31/05: Total assets $5500 Current assets 2750 long-term debt 450 current ratio 2.5% inventory 1500 for year ending 12/31/05 Sales $18,500 COGS 14,800 Gertup has maintained the same inventory levels throughout 2005. If end of year inventory turnover was increased to 12 through more efficient relationships with suppliers how much cash would be freed up (pick closest number)?
Journalize the transactions. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2013 transactions.) Rivera uses straight-line depreciation for buildings and equipment.
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Dalyrymple Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $80,000. The budgeted number of nozzles to be inserted is 40,000. What is the budgeted indirect cost allocation rate for this act..
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