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Question - The following forecasted sales pertain to Isaac Company:
Month Sales
September $180,000
October 200,000
November 160,000
December 140,000
Collection pattern:
55 percent in month of sale
45 percent in month following sale
Accounts Receivable (August 31) $48,000
Finished Goods Inventory (August 31) 19,000
Isaac Company has a selling price of $10 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales. Calculate the budgeted beginning balance in units for finished goods inventory on November 1?
What is the carrying value of the bonds on January, What is the amount of interest expense Porter will show with relation to these bonds
justin has an agi of 110000 before considering his 30000 loss from rental property which he actively manages. how much
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1.Groro Co. bills a client $62,000 for services provided and agrees to accept the following three items in full payment:
1. discuss the revenue principle and the matching principle as per the generally accepted accounting principles gaap.2.
the sec guideline for financial statement reports requires both the management discussion and analysis section and
Billed $120,000 of monitoring services for the year. Credit card sales amounted to $36,000, and the credit card company charged a 4 percent fee. The remaining $84,000 were sales on account. Sales tax is not charged on this service.
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Prepare sample accounting journal entries for each step of the lay-a-way plan. Add any accounts to the company's chart of account that are needed. State if the added account(s) are assets, liabilities, revenue, expense, ect.
Dr. Rebecca Friend, the chief administrative officer of a hospital, is having an argument with the hospital's comptroller.
nottaway flooring produces custom-made floor tiles. the companys raw material inventory account contains both direct
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