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Question - Calculate the net present value (NPV) of the following cash flows if the opportunity cost is 12 percent.
Year
Cash Flow
0
-$1500
1
800
2
3
200
4
5
a. $368
b. -$441
c. $235
d. $299
Assume a perpetual inventory system. Journalize the transactions for the seller, Patterson Company, using the gross method to account for sales discounts.
Give journal entries in the books of H Ltd on 1 January and 30 June 2020. The inventories are still on hand at 30 June 2020 and have a net realisable value.
Under what condition would the reclassification of the receivables be ethical? Unethical? Support your response.
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Evaluate the results of the audit procures, and for the purposes of forming an audit opinion, explain whether it is an adjusting or non-adjusting event
On December 5, the entity returned goods that cost $1,500. On December 11, the entity paid the supplier. On December 11, what account should be credited?
Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December
Dobbs Wholesale Antiques makes all sales under terms of FOB shipping point. The company usually receives orders for sales approximately one week before shipping inventory to customers.
Direct labor-hours required to support estimated output 40,000 and Fixed overhead cost $640,000. Compute the predetermined overhead rate
Assuming that the March 1 work in process inventory includes $54,600 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February andMarch.
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