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Chik's Chickens has average accounts receivables of $5,433. Sales for the year were $8,900.00. What is its average collection perios? (use 365 days in a year. Do not round intermediate calculations. Round your answers in 2 decimal places.
The Heymann company's bonds have 4 years remaining to maturity. Interest is paid annually; the bonds have a $1,000 at maturity. Bond L has a maturity of 15 years, and Bond S a maturity of 1 year.
The owner's equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to ..
(a) Prepare the journal entry necessary to record the depreciation expense on the building in 2011. (b) Compute depreciation expense on the machinery for 2011.
A residual value of $2,000. Determine the cost and depreciable cost of the tractor and calculate the first year's depreciation under the straight-line method.
Determine the order quantity at which the total inventory costs would be minimized? What is the reorder point and the time between orders? Illustrate the order quantity, re-order point, safety stock and lead time on a diagram where the Y-axis repres..
Northwest paid freight charges of $7,500. Merchandise with an invoice amount of $5,000 was returned for credit. Cost of goods sold for the year was $380,000. What is ending inventory assuming Northwest uses the gross method to record purchases?
When making any type of business decision, one of the most difficult things to do is distinguish between relevant business .information to that decision and unimportant information. What distinguishes relevant business information from unimportant in..
Since the Sarbanes-Oxley Act of 2002, fraud from lack of internal controls has gone down. At the same time, collusion between employees and among third parties has increased.
princess cruise lines has the following service departments concierge valet and maintenance. expenses for these
Al's Car Wash purchased a piece of equipment on October 1, 20x7, for $27,000. The equipment has an estimated life of four years or 40,000 units of production and an estimated residual value of $2,000.
What are some of the advantages and the disadvantages of database forms? What is your experience in using Queries? Have you ever read the SQL commands generated by a Query in Access database?
Suppose the government decides to increase taxes by $30 billion in order to increase SocialSecurity benefits by the same amount. How will this combined tax-transfer policy affect aggregatedemand at current prices?
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