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Question - Proceeds from Notes Payable - On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $74,400. Assume a 360-day year.
Required -
a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%.
b. Determine the proceeds of the note, assuming the note is discounted at 7%.
a company is considering two alternative technologies for manufacturing a product. the cost data are shown below. a. fc
Rays' gross profit on sales was 30% last year, its first year of operations. Calculate the estimated cost of the inventory destroyed
Question - Journalize the transactions - Jan. 2 Stockholders invested $18,949 cash in the business in exchange for common stock
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000. Prepare the Statement of Cash Flows for Alpha Company
Prepare the shareholders' equity section as it should be reported on the statement of financial position at year-end, December 31, 2017
Assuming sales volume is expected to be the same in the upcoming year as it was in the past year, give three separate options the company could implement in order to achieve their target profit in the upcoming year.
Derive the demand curves for GGC's product in each market. Derive algebraically the quantities that should be produced and sold
Toth chose to upgrade to a premium model in January 2007 and sold the old plotter to dunn drafting for $2,500. Prepare the journal entry recording for this sale of old plotter.
Ethical Obligations and Decision Making in Accounting
National Shops wishes to purchase merchandise from your company on account. The amount of the purchases would probably be about $10,000 per month, and the terms would require National to make payment in full within 30 days.
ZhenYee Electronics, Inc. is considering the acquisition of Datamatic, Inc. at a cash price of $5,000,000. Would you recommend the cash acquisition
Calculate the standard direct labor hours allowed for the actual level of activity during August. Calculate the actual direct labor rate paid per hour
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