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Merchandise is sold on account to a customer for $18,000, terms FOB shipping point, 3/10, n/30. The seller paid the transportation costs of $375. Determine the following:
(a) Amount of the sale, (b) Amount debited to Accounts Receivable, (c) Amount of the discount for early payment, and(d) Amount due within the discount period.
at 31st december 2012 mnc still has the same three products in its inventory. updated information for every product
As the senior accountant at JB Hi-Fi the management has requested you to depreciate the system over 10 years with a $4 million residual value using the straight line method.
The fixed cost per unit are $ 10 when a company makes10000units. What are per unit fixed costs when 12500 units are produced?
Suppose the estimated costs to complete at the end of 2012 are $80 million instead of $60 million. Determine the amount of gross profit or loss to recognized in 2012 using the percentage-of completion method.
your ceo read a recent report on the importance of the sox act but he acknowledged that he does not know much about it.
Understand how fixed and variable costs behave and how to use them to predict costs, analyze a mixed cost using the high-low method and prepare an income statement using the contribution format.
at a management meeting you suggested that the production department should transfer goods produced at a value above
question boxer electronics produces flat screen tvs that sell for 1250. through april total operating expenses
penury company offers two products. at present the following represents the usual results of a months
question part 1the tim cost recovery corporation tim purchased and placed in service the subsequent depreciable
preparation of journal entries to record issue of shares and dividend.on january 1 2008 dolan corporation had 60000
Labelling the T-accounts with the correct account name, labelling debit and credit on the T-account
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