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Braxton Technologies, Inc., constructed a conveyor for A&G Warehouses that was completed and ready for use on January 1, 2013. A&G paid for the conveyor by issuing a $100,000, four-year note that specified 5% interest to be paid on December 31 of each year, and the note is to be repaid at the end of four years. The conveyor was custom-built for A&G, so its cash price was unknown. By comparison with similar transactions it was determined that a reasonable interest rate was 10%. Note: Use Excel functions when doing the time value of money calculations in this problem.
aaa company had beginning raw materials inventory of 8000. during the period the company purchased 46000 of raw
the following data relate to the operations of shilow company a wholesale distributor of consumer goodscurrent assets
listed below in scrambled order are 13 income statement categories. use the numerals 1 through 13 to indicate the order
two business are presented cost 2x2 2y2 -6xy 3x2y2 revenue -10x2 - 8y2 6xy 4x2y2 15x2 20y2 how is quantity of
What are the typical outputs of an Accounting Information Systems? Why do system analysts begin by designing the outputs instead of system inputs?
A company uses the weighted average method for inventory costing
xeller company makes electronic keyboards. the practice model price is 220 and variable expenses are 190. the deluxe
product x sells for 30 per unit and has related variable costs of 20 per unit. the fixed costs of producing product x
Leppard Corporation sells DVD players. The corporation also offers its customers a 2-year warranty contract. During 2012, Leppard sold 20,000 warranty contracts at $103.80 each.
corporations marginal tax rate is 40. it can issue 3-year bonds witha coupon rate of 8.5 and par value of 1000. the
suppose the total market value of a company is 6 million and the total market value of its debt is 4 million the
Prepare the adjusting entry that records bad debts expense. Prepare the journal entry that records a write-off of a $700 uncollectible account receivable.
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