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Question - As of January 1, SHINE had $288,000 in inventory. In January purchases of $276,000 and sales of $540,000. On February 1st there was a fire and destroy the existing inventory on that date. The level of gross profit is 25% of the cost. Inventory with a selling price of $30,000 was not damaged in the fire. Count the amount loss due to fire.
The patent which ad remaining legal life of 15 years, was purchased from FAC for P600,000. What is the amortization expense on the Patent and Copyright
What total amount should be credited to Common Shares due to the conversion of the preferred shares into common shares
Complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the costs assigned to the 800 units is $6,000, what is the per unit conversion cost?
What is the maximum amount allowed as a deduction in the 1st year of operation if a calendar year business begins operation on July 1
You are estimating the manufacturing hours for an airframe based on the airframe weight. The airframe you are estimating weighs 141784 pounds. Given the following equation, select the correct response from each pair.
Why does Cowan believe it is important to examine technologies in the context of technological systems? What advantage does this broader perspective give to planners? Give a specific current technological example (not it the reading) in support of..
in a corporate form of business organization legal capital is best defined asa.the amount of capital the state of
ryan co purchased a machine on july 1 2011. the machine cost 250000 and has a salvage value of 10000 and a useful life
Use an Excel spreadsheet and recalculate after-tax cash flows and net present value for the below scenarios: Sales units at 10% higher than estimated.
Recorded fee earned on plans delivered, payment to be received in July, $12,800. Determine the net income or net loss for June
At the commencement of the lease on January 1, 2019, what is balance of Lessor's net receivable and lease liability
Compute both the cost of goods available for sale and the number of units available for sale. Compute the number of units remaining in the ending inventory
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