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Calculation of Revenues and explanation about how cash receipts cans be different from revenues.
Cash Receipts versus revenues during the month of April. Simpson CO. had cash receipts from customers of 170,000. Expenses totaled %156,000 and accrual basis net income was 42,000. There was no gain or losses during the month.
a. Calculate the Revenues for Simpson Co. for April
b. Explain why cash receipt from customers can be different from revenues.
Comment on the difference between net cash provided by operating activities and net income. Speculate on which number is likely to be the better indicator of long-term profitability.
Calculate the gross margin percentage (Gross Profit divided by Net Sales) for each period presented in the income statement. What trend in gross margin do you observe and what factors may be causing this trend?
jensen company forecasts a requirement for 200000 pounds of cotton in may. on 11th april the company acquires a call
Determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived in part b. d. Why are the percentage changes different?
The company's current and total liabilities were $267,000 and $600,000, respectively. Compute the amount of working capital and the current ratio using this information.
the board of directors declared cash dividends totaling 242000 during the current year. the comparative
windsor advertising company's trial balance for december 31 shows advertising supplies $6700 and advertising supplies expense $0.on December 31,there are 2700 of supplies on hand. prepare the adjusting entry at December 31.
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suppose the state decides to increase the sales tax on all goods and services to generate the needed funds. Who will end up paying - the companies or the buyers? Explain
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on 1st january 2011 piper co. issued 10-year bonds with a face value of 1000000 and a stated interest rate of 10
The remainder of the outstanding bonds is reacquired by exercising the bonds' call feature. In the final analysis, how much was the gain or loss experienced by Pratt in reacquiring its 8% bonds?
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