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Question - On August 15, 2020, Japan Ideas consigned 600 electronic play systems, costing $100 each, to YoYo Toys Company. The cost of shipping the play systems amounted to $1,500 and was paid by Japan Ideas. On December 31, 2020, an account sales summary was received from the consignee, reporting that 420 play systems had been sold for $160 each. Remittance was made by the consignee for the amount due, after deducting a 20% commission.
Calculate the inventory value of the units unsold in the hands of the consignee at December 31, 2020.
Calculate the profit for the consignor for the units sold at December 31, 2020.
Calculate the amount of cash that will be remitted by the consignee at December 31, 2020.
What is Axel's net income after making any necessary trading security adjustments? Net income before trading security adjustment
CDB stock is currently priced at $85. The company will pay a dividend of $5.69 next year and investors require a return of 11.6 percent on similar stocks.
Describe the adjustment to reconcile net income to the operating cash flows? A company booked $50 in sales revenue in a given year.
find you have check #1234 for $15.00, #1235 for $9.23, and #1236 for $22.50 and two deposits of $123.56 and $156.78 as outstanding. What balance should appear in your checkbook register?
K&J Web Designs creates Web sites for businesses. K&J has a basic Web site creation package that it offers for a flat fee of $730. This package includes everything that a business would need to have a simple but functional Web site built. K&J estimat..
Explain the term endorsement. If a bill of exchange is discounted and on the date of maturity such bill of exchange was dishonored by the acceptor
When Mr. B is admitted to the partnership, the fair values of the assets. In this case who gets the bonus under the bonus method?
a) Calculate the present value of bonds. Round to the nearest dollar.
On July 1, 2015, Comfy Home purchased a van to use for its decorating services. What is the accumulated depreciation on the van as of December 31, 2017?
During its first year of operations, O'Brien produced 96,000 units and sold 74,000 units. Compute the unit product cost for Year 1, Year 2, and Year 3
On January 1, 2021, your company acquires 10,000, What should be the ending balance of the Investment in IBL account on the balance sheet as of January 1, 2022?
Vasquez Publishing Company sold 1,000 two-year subscriptions to a monthly magazine. The subscriptions sold for $18 each.
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