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Question - The credit period for this note receivable is 90 days. Interest 16% and the Principle amount is K5000.00, the note was drown on 1 June 2020. On July 16 the note was discounted with Finance Bank at the rate of 24%.
Required -
1. Calculate the Market value of the note.
2. What is the value of proceeds to be received to the Finance Bank?
Division W needs 6,000 units each period and currently pays $42 per unit to an outside firm. What is lowest price that Division X could accept from Division W
At the end of 2014, Ace determined total factory overhead to have been $410,000, What was the budgeted cost of job lot #112
When materials are added either at the beginning or the end of the process, a unit cost should be calculated for the materials and conversion categories.
Review the Journal of Accountancy article on Criminal Minds and answer the following questions: If so, which ones and why? If not, why not?
Question - In 2021, Clematis Inc., had the following transaction involving equipment. Make journal entry to record the disposal and purchase of equipment
What is the purpose of Accounting in Society? Identify four External and four Internal users and describe how they use accounting information
Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7,000.
if the production of 2000 units which were selling at 40 possessing the variable cost 24 and fixed cost 20000.
The deferred tax asset is $62,900. The corporation's 2018 current tax expense is $66,200. What amount should Vaughn report
Zeller and Merkel has some shares held in the treasury, and wonder if that might be another viable alternative to raising the needed funds.
Anonaya Gardens Company, Calculate the variable manufacturing overhead efficiency variance. Calculate fixed manufacturing overhead volume variance.
Using a tax rate of 34 percent, estimate the minimum price the owner of the division should consider for its sale
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