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a) repaid bank loan payable $7 million. (interest was repaid seperately)b) paid cash to purchase property and equipment costing $6 million.c) purchased additional property and equipment costing $2 million by issuing a note payable.d) recorded franchise royalty revenues on account of $20 million.
by indicating the sign of the effect (+ for ioncrease, - for decrease, ne for no effect, and cd for cannot determine) of each transaction. Consider each item independently.
A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is:
jones company had 115 units in beginning inventory at a total cost of 12650. the company purchased 220 units at a total
Explain how a physical inventory count would differ in a company using a perpetual inventory system versus one using a period inventory system.
1. why do companies have so much cash on their balance sheets?2. analyze the tradeoffs between returning cash to
Corresponds to CLO 2(c) Ruben Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit.
please give correct answer and explain how you got that answer. i chose c and got 12 credit for it being partially
The information below relates to Milton Company's trading securities in 2010 and 2011. (a) Prepare the journal entries for the following transactions.
An acquired entity has a long-term operating lease for an office building used for central management. the terms of the lease are very favorable relative to current market rates.
suppose a company paid dividend of 15 cents on its ordinary share of n1.50 each. the company expected to grow its
which answer would represent the financial statement presentation of stockholders equity after the following
in preparing the direct materials budget for quan company management concludes that required purchases are 64000 units.
a company uses fifo method in its process costing system. all materials are introduced at the beginning of the process
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