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1.Bargains Co. reported annual net sales for 2012 and 2013 of $ 665,000 and $ 747,000, respectively. Its year end balances of accounts receivable follow: December 31, 2012, $ 61,000; and December 31, 2013, $ 93,000.
(a) Calculate its days sales uncollected at the end of each year. Round the number of days to one decimal.
(b) Evaluate and comment on any changes in the amount of liquid assets tied up in receivables.
Discuss the behavior of Paul Chesser, the divisional manager. Was the decision to produce for inventory an ethical one and Should she comply with the directive to emphasize the increase in profits? If not, what options does she have?
Calculate the unit cost for each product using direct labour hours as the basis for applying overhead and calculate the unit cost for each product using activity-based costing (ABC).
Compute Algonquins quick (acid-test) ratio. Is this ratio strong or weak and how much interest revenue did Arabian earn this year?
How many of each product should be produced per month using the short-run strategy and fixed manufacturing costs of $60,000 are assigned at the rate of $5 per machine hour.
Prepare the entry to record the disposal of the milling machine on January 5 under each of the following independent situations.
hartman inc. issues 500 shares of 10 par value common stock and 100 shares of 100 par value preferred stock for lump
Its earnings are expected to grow forever at a rate of 4% per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be?
Cottonwood considers catalogs as advertising and expenses the catalogs at the end of the month based on find how many catalogs are sent out during the month.
What was the actual production cost per quart under variable costing? Under absorption costing and what was variable cost of goods sold for 2010 under variable costing?
Prepare a process cost report for the Mixing Department for January and explain how the analysis for the Cooking Depart men t will differ from the analysis for the mixing Department.
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What is the impact on income by closing the plantand at what level of sales for the two-month period should Hallas Company be indifferent between closing the plant or keeping it open?
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