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Question - Data pertaining to the current position of Falcon Company are as follows:
Marketable securities $216,000
Accounts receivable (net) $300,000
Inventories $750,000
Cash $520,000
Prepaid Expenses $25,000
Accounts Payable $275,000
Notes payable (short term) $200,000
Land $900,000
Required - Using the data given:
a) Calculate the Working Capital.
b) Calculate the Current Ratio.
c) Calculate the Quick Ratio.
Analyze at least three items on the balance sheet for your base company that would be important to an investor, and discuss whether your company's performance.
Determine the amount of the adjusting entry for uncollectible accounts.Determine the net realizable value of accounts receivable.
Question - Elder Company uses the allowance method for estimating uncollectible accounts. Make journal entries to record the following above transactions
a company can sell all the units it can produce of either product a or product b but not both. product a has a unit
Consider the list titled "In Depth: Critical Thinking, The Long Version" in Ch.1 of Critical Thinking. What do you consider to be the most important points? Substantiate your answer.
Compute the number of units the company must sell in the coming year in order to reach the breakeven point
With reference to case law and the auditing standards, prepare a report to the managing partner of Kinglsey Read that indicates whether or not: Kingsley Read failed to exercise 'due care' in the audit of Plummet Travel
On January 1, 2016, DT Enterprises, Inc. executed a contract with Samsung, Inc. for the sale and monthly delivery of electronic devices.
if the transaction is with a consolidated affiliate it must be eliminated from the consolidated statements. does it
4. Harvey's variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $33,000. If sales are expected to increase $60,000, by how much will the company's net income increase?
Elizabeth Company want its targeted net income to be $250,000 in 2016. The sell price per unit is $176.00 and the variable cost per unit was $85.
at december 31 2014 bradley company has outstanding three long-term debt issues. the first is a 6000000 note payable
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