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Question - On 1st June 2015 the bank enters into a forward contract for 2 months for selling US$ 1,00,000 at '65.5000. On 1st July 2015 the spot rate was '65.7500/65.2500. Calculate the amount to be debited in the customer's account.
Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles
Ray Company began the accounting period with a $36,000 credit balance in its Accounts Payable account. During the accounting period, Ray incurred expenses on account of $108,000. The ending Accounts Payable balance was $48,000.
A machine that cost $340,000 has an estimated residual value of $34,000 and an estimated useful life of four years. Calculate its book value at end of year 3
Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Bonita uses a periodic inventory system
What is a project? What are the basic phases of the project lifecycle and their purposes?
Jan Perkins is a business consultant. She analyzed the business processes of one of her clients, Diamond Companies, in November 2013.
for each of the following situations use the weighted average method to determine the equivalent units of production
Sales managers are developing estimates of next year's demand for the company's newest line of LCD televisions. This information will be used in preparing the annual budget.
suppose 2-year treasury bonds yield 6 while 1-year bonds yield 5. r is 1.5 and the maturity risk premium is zero.a.
According to your text, the accounting profession has adopted a modified all-inclusive concept to income reporting. Using this approach companies report unusual or irregular items as a part of net income. What are these items and they are they ..
What are all the related journal entries including: Credit sales, Collection of cash, Write-off of bad debt and Recognizing the bad debt expense
lone mountain extraction which mines ore in idaho uses a calendar year for both financial-reporting and tax purposes.
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