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Alpine Co., a building construction company, holds a 120-day, 9% note for $80,000, dated July 23, which was received from a customer on account. On September 21, the note is discounted at the bank at the rate of 12%.
a. Determine the maturity value of the note.b. Determine the number of days in the discount period.c. Determine the amount of the discount.d. Determine the amount of the proceeds.e. Journalize the entry to record the discounting of the note on September 21.
Evaluate Tamra's actual factory overhead costs for February 2013. Direct labor costs and Actual per-unit direct material for February 2013 were $24.30 and $10.95. Determine actual total product cost for February.
total payroll of walnut co. was 184000 of which 320000 represented amounts paid in excess of 106800 to certain
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Prepare journal entries for Items 1-4 and YE adjusting entries - Lein Corp entered into the following transactions during its first year in business.
If the forecasted volume increased to 12,000 procedures and budgeted costs increased to $340,000, while all other variables remained constant, what price should be established?
Reporting and Computing the Acquisition and Amortization of three Different Intangible Assets - Evaluate the acquisition cost of each intangible asset
Carol owns 40% of CJ Partnership. The partnership reports $170,000 of revenue, $60,000 cost of goods sold, and $70,000 of other expenses that include $1,500 of doctor bills paid for Carol, a $2,000 charitable contribution, and a $5,000 Section 17..
Dividend will be paid in one year then grows by 5% each year for the next four years. Assume interest rate is 6% per year. At what price would you have to sell the stock in five years in order to break even?
The trust had DNI of $25,000. What charitable contrubution deduction, if any, may the trust deduct? Is the trust a simple or complex trust in 2010? Is the trust a simple or complex trust in 2010?
Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 5% is uncollectible. How much cash can Lara Company expect to coll..
Compute the current ratio, the debt to equity ratio, and return on sales ratio. Seventy-five percent of liabilities are current. Of the current liabilities, 80% percent is accounts payable.
journalizing the stock transactions of a company.on january 1 2008 edmond company issued 30000 shares of 2 par value
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