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Question: Discuss and then respond to TWO (2) of your classmates answers (Try not to repeat others answers). Include the question with your response.
Discuss the key differences between cash and accrual accounting? Explain why most health entities use accrual accounting.What is the matching principle? Explain and detail what methods of accounting and what types of assets most easily conform to the matching principle.What is the revenue recognition principle?What are Generally Accepted Accounting Principles (GAAP)? Why are they important?What is a "qualified opinion" in an external audit? Is this good for the firm? Why?
If the manager of Pet Place wants the probability of a stockout during replenishment lead-time to be no more than 0.05, what should the reorder point be?
presented below are a number of business transactions that occurred during the current year for gonzales inc.
The required rate of return on similar common stocks is 13%. What is the per-share value of the company's common stock
Compute the amount of the total write-down when the LCM/NRV rule is applied to each item and Prepare the journal entry Peterson Furniture Designs would record
During 2020, the company mined 800,000 tons and sold 640,000 tons at a price of P2.20 per ton. Determine Cost of goods sold in 2020
At December 31, 2010, the land's value has increased to $93,000. Explain what amount should be reported for land on Karen Sommers's balance sheet at December 31, 2010?
Cost of goods sold for the year is $240,000. Evaluate what is the company's average days in inventory?
At the end of the current year, Accounts Receivable has a balance of $1,975,000; Determine the amount of the adjusting entry for uncollectible accounts
Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2011, for $562,613. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1.
How can the board of Infinity Ltd highlight this assumption. Agency theory assumes that the agents are in a position of power since have access to information.
Question - What annual rate of return is implied on a $2,500 loan taken next year when $4,375 must be repaid in year 5
Sutton Hot Dog Stand sells hot dogs for $1.35. Variable costs are $1.05 per unit with fixed production costs of $90,000 per month at a level of 400,000 units. Fixed administrative costs total $30,000. Sales average 400,000 units per month, with plann..
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