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Accounting/Business Law Class
Walters, a grower of Christmas trees, contracted to supply Traynor with “top-quality trees.” When the shipment arrived and was inspected, Traynor discovered that some of the trees were not top quality. Within 24 hours, Traynor notified Walters that he was rejecting the trees that were not top quality. Walters did not have a place of business or an agent in the town where Traynor was. Christmas was only a short time away. The trees were perishable and would decline in value to zero by Christmas Eve. Walters did not give Traynor any instructions, so Traynor sold the trees for Walters's account. Traynor then tried to recover from Walters the expenses he incurred in caring for and selling the trees. Did the buyer act properly in rejecting the trees and reselling them for the seller?
direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter. For first quarter p ..
Comment on the way Disney (and other film companies) calculate periodic expense when determining the profit from the distribution and licensing of films. What are the risks to investors from the accounting methods used?
Company has been approached by two potential customers to manufacture specific products for them on an ongoing basis. Details of the estimated manufacturing costs and proposed selling prices
Identify and discuss, based on the findings documented in the internal audit work paper and Describe, solely with reference to the information provided, the matters that will have to be considered by your firm
How are direct and indirect costs accounted for when applying the acquisition method for a business combination?
Determine the best sales mix. Rank the services offered in order of their profitability and what would be the daily total contribution margin generated by Ortiz?
Which of the following valuations of operating assets is not readily available from the accounting records?
Advanced Financial Accounting (10th Ed.) Christensen: Chapter 4 (Problem 4-33) Textbook solutions shows (Step 1 of 2) Income from subsidiary (1st entry) $22,000. I keep coming up with $24,000 What accounts and numbers are used to get the $22,000 figu..
Northwest Fur Co. started 2013 with $100,000 of merchandise inventory on hand. During 2013, $450,000 in merchandise was purchased on account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Ass..
question1- ph toy is uncertain of whether to sell its product assembled or else unassembled. the unit cost of the
Explain how to determine a plant asset's cost if it is acquired in exchange for a nonmonetary asset when the transaction has commercial substance.
we have an problem dealing with an international lease. the lease is from the u.s. parent company to a uk
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