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OneWheel XR Ltd is selling electric skateboards in Brussels for two years now, and it is a great success. OneWheel XR Ltd is buying the skateboards from a production company (the supplier) for 798 EUR for 1 board. At the beginning of the year 2019 OneWheel XR Ltd had 18 skateboards in stock, and during the year 2019 they bought 197 and they sold 199 skateboards at a sales price of 1,785 EUR. In general clients get 2 months credit to pay for their skateboard. 4 clients bought a skateboard on credit in 2018 but only paid their skateboard in 2019. From the supplier (the production company) they have obtained 2 month credit, so we pay 2 months after we each purchase.
Problem 1: Calculate the TRADE RECEIVABLES in the financial statements at the closing of the year 2019.
Notice: assume a year has 360 days and each months has 30 days.
The company contributed $80,000 to the plan at the end of 2020, Prepare the journal entry to record the pension activity
Prepare the adjusting entries for company ABC at reporting date. Salaries earned by the employees Rs.1900 for the month of December
Randy Wetzel earns $30 per hour, Prepare the journal entry to distribute the payroll, assuming that any make-up guarantees are charged to Factory Overhead.
What amount will the insurance company pay for the damages? What amount will Kurt have to pay?
Mauro Products distributes a single product, a woven basket whose selling price is $28 and whose variable expense is $22.12 per unit. The company’s monthly fixed expense is $16,464. Solve for the company’s break-even point in unit sales using the eq..
Name two management assertions pertaining to the Revenue account balance and explain why they are considered in an audit.
Which is not a good control activity over physical cash on hand? The amount of physical cash on hand should be kept at a minimum
Flextin Company currently produces 1,000 units of one of its products each month. The costs of manufacturing 1,000 units are as follows: Direct materials $45,000 Direct labor 30,000 Factory overhead (30% is variable) 90.000 If Flextin can buy 1,000 u..
The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 10,000 units, 100% complete with respect to materials and 70% complete with respect to labor and overhead.
Aubrey Inc. issued $5,982,600 of 10%, 10-year convertible bonds on June 1, 2014, at 99 plus accrued interest. The bonds were dated April 1, 2014, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line ..
the relative price of chicken has increased, so Brain would be expected to purchase less both are true, what is the difference?
EBIT is projected to equal $1,275 million. What increase in net working capital (in millions of dollars) would enable firm to meet its target increase in FCF
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