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Question 1: Define terms FOB destinations, FOB shipping point,title ,risk of loss. How do these terms relate to firms revenue recognition practices?
This change forecasts the final amount of receviable for 90 days of revenue. According to changes, how would RAM's cash status be affacted?
If the risk-free rate is 2.74 percent, and the market return is 5.89 percent, calculate the required return on King Farm Manufacturing's common stock.
On January 1, 2015, Jack Co. issued three $100,000, 6%, bond payables that mature in 5 years. Straight line depreciation is used. Bond interest expense in the Income Statement at December 31. Carrying Value of the Bonds on the Balance Sheet at Decemb..
Compute the total asset turnover rate assuming that total revenues in 2012 were $682,500. Assume that Alleg's primary competitor has an asset turnover of 2.12. What does this tell you about Alleg's asset management?
Maryland Incorporated produces toys. Total manufacturing costs are $400,000 when 50,000 toys are produced. Of this? amount, total variable costs are $100,000.
It had issued $4,000 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's taxable, or pre-tax, income?
On december 31 2015 coolwear inc. had a balance in its prepaid insurance of $52400. During 2016 $90000 was paid for insurance. At the eend of 2016 after adjusting entries were recorded the balance in the prepaid insurance account wads 44000 . insuran..
In the current year, Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made $38,000 in her first year of operation. Illustrate what two forms must Johnice file for her business?
A project returned +30%, then −30%. Thus, its arithmetic average rate of return was 0%. If you invested $25,000, how much did you end up with? Is your rate of return positive or negative? How would your overall rate of return have been different if y..
Record the transactions in the cash receipts journal. Total and verify column totals and rule the columns. Use the general journal to record sales returns and allowances.
Compute the cost of ending inventory. What is the cost of ending inventory for item 29 under following methods? Describe perpetual system and periodic system.
The outstanding capital stock of Robbins Corporation consisted of 3,000 shares of 10 percent preferred stock, $250 par value, and 30,000 shares of no-par common stock with a stated value of $250. The preferred was issued at $412, the common at $480 p..
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