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1. BusyBody Company expects its November sales to be 20% higher than its October sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be
A) $4,100.
B) $53,600.
C) $67,100.
D) $40,100.
What is the fair value of the equipment and prepare the journal entry to record the exchange.
Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31 - prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries.
Primrose Corp has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost cost of goods sold is 80% of sales, and it finances working capital with bank loans at an 8% rate. What is Primrose'..
What is the significance to working capital management of matching sales and production? What is the significance to working capital management of matching payables with receivables?
They then fill the order and carry the parts to a packing station. Can you suggest ways of improving this process?
code of ethics110.1 the principle of integrity imposes an obligation on all members to be straightforward and honest in
Provide the journal entry for LaRoche's contribution to the partnership - Journalize partners original investment
How do fixed costs create operating leverage? How does operating leverage impact the overall risk level of the company? What is the impact on earnings?
1.A company reported average total assets of $ 1,240,000 in 2012 and $ 1,510,000 in 2013.
(a) Compute the overhead rate for each activity.(b) Assign the manufacturing overhead costs for March to the two products using activity-based costing and show manufacturing overhead cost per unit for Radiators and Gas Tanks.
Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of return on sales and investment turnover.
question 1 margaret is an accountant for bigcorp ltd. whilst attending the companys centenary celebrations in april
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