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Question - On November 30, 2020, Marg's Antiques sold a mint condition vintage stove for $85,353. The company paid $40,526 for the stove at an auction. The buyer has agreed to pay for the stove in 4 instalments every December 31 in 2021, 2022, 2023 and 2024. Calculate the amount that Marg's Antiques can deduct as a reserve for unpaid amounts in 2022.
You can afford monthly deposits of $230 into an account that pays 3.6% compounded monthly. How long will it be until you have $8,700 to buy a? boat
Which statements is correct regarding a partners' debit capital balances? Partners who absorb another's debit capital balance have a legal claim
Prepare comparative summary statement of Consolidated Revenue Account for the year 2020 as required by the financial procedure Act, 1957?
Also, to make a profit he would need to sell more than that amount. Mention what amount would be a good profit margin
The company has written off $20, 000 of accounts receivable during 2021. How much is the allowance for uncollectible accounts to be reported on Dec. 31, 2021?
Montoya manufacturing has fixed costs of $1,800,000 and variable costs are 40% of sales. What are the required sales if Montoya desires net income of $180,000?
The allowance for uncollectible accounts currently has a credit balance of $900. After analyzing the accounts in the accounts receivable subsidiary ledger, the company's management estimates that uncollectible accounts will be $15,000.
Katie wants 3 children at one point with her partner. She does not want to get pregnant any time soon and outside of marriage. What are some of her options
Accounts Receivable 7,540 Retained Earnings 28,000 - Prepare a classified balance sheet; assume that $15,000 of the note payable will be paid
pension plan assets were 80 million at the beginning of the year and 83 million at the end of the year. the return on
Bowie Company uses a calendar year and the straight line depreciation method. How much should be recorded on December for the Gain
At December 31, 2017, Kingbird Company has outstanding noncancelable purchase commitments for 38, 500 gallons, at $4.38 per gallon, of raw material to be used.
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