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Amos purchases a new truck and trailer for the business. The truck costs $35,000 and the trailer $10,000. He finances both the truck and the trailer through Pig E Bank at a rate of 8% for 5 years. The first monthly payment is due on July 16.
Problem 1: Compute and accrue the interest expense on the Pig E Bank note. You will have to accrue the interest that has accrued from 6/17 - 6/30.
What is the product cost for the extension product under absorption and variable costing
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Determine the fair value of the special machines as at 31 December 2019. (please answer all the questions with full explanation and calculations in detail)
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A company has a fiscal year-end of December 31: (1) on October 1, $20,000 was paid for a one-year fire insurance policy; (2) on June 30 the company lent its chief financial officer $18,000; principal and interest at 8% are due in one year; and (3) eq..
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A 15% gross profit was usual from sale of used equipment. What is the realized gross profit from the 2010 collections
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The production manager of Rordan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 10,000 7,500 8,000 10,300. Complet..
With your company's limited resources explain which project you would approve and why? Project Alpha requires an initial investment of $35,000
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