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during the current year, Tachnic, Inc., made cash sales of $289,000 and credit sales of $472,000. During the year, accounts receivable decreased by $32,000.
a. Compute for the current year the amount of:
1. Net sales reported as revenue in the income statement.
2. Cash received from collecting accounts receivable.
3. Cash received from customers.
b. Write a brief statement explaining why cash received from customers differs from the amount of net sales.
the advertising manager for jp inc a manufacturer of womens shoes is currently working on a major promotional campaign.
which cost accumulation procedure is most applicable in continuous mass-production manufacturing
Keefe, Incorporated, acquires 70% of George Company on September 1, 2005, and an additional 10% on April 1, 2006. Annual amortization of $5,000 relates to the first acquisition and $3,000 to the second. George reports the following figures for 200..
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jack has taxable income of 65000. he is a single tax filer and his federal income tax rates on the first 8350 is 10
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If management decides to buy part I50 from the outside supplier rather than to continue making the part, what would be the annual impact on the company's overall net operating income?
my company sells household cleaning products. the research department has developed a new cleaner for which a standard
on december 31 2012 alexander company had 1296800 of short-term debt in the form of notes payable due february 2 2013.
Which of the following is an example of a variable cost?
Hodge Inc. has some material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a cost of $1,500, it could be sold for $54,500.
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