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Markham Resort has 100 standard rooms and 50 deluxe rooms. During the month of June, it sells 2,300 standard room nights at $80 and 1200 deluxe room nights at $100.
Question 1: Calculate the following for the month of June:
a) occupancy rate
b) ADR
c) RevPAR
accounting treatment for errors and corrections.effects of errors show how the following independent errors will affect
Assuming that excess earnings are expected to continue for 8 years, and ignoring the time value of money, estimated goodwill is
Prepare the entry to record the conversion on October 1, 2011. Assume that the entry to record amortization of the bond premium and interest payment has been made.
UMD has two options for upgrading their athletic facilities. The off-campus option costs only $20 million, but it will require frequent bus service to those facilities at an annual cost that starts at $300,000 and increase by 4% per year.
Estimate ending inventory in 2022 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar.
Briefly explain what is meant by the principle of adequate disclosure and How does professional judgment enter into the application of the principle of adequate disclosure?
The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend..
Fixed manufacturing overhead per unit is $7. Calculate Vader's product cost per unit using both variable costing and absorption costing.
Consider an interest-rate swap with these features: maturity is five years, notional principal is $100 million, payments occur every six months, the fixed-rate payer pays a rate of 9.05% and receives LIBOR.
Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.)
Marcus Nurseries Inc.'s 2012 balance sheet showed total common equity of $2,050,000, which included $1,750,000 of retained earnings. The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. If the firm had net in..
Prepare dated journal entries for Fleming to reflect above transactions using the net method. Do not use hedge accounting. Explain how your journal entry on the settlement date would change if the receivable was hedged.
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