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Problem 1: Mark Appliances consigned 60 television sets to Mar Company on January 1, 2019 for sale at 10,800 each and paid 10,000 transportation costs. At the end of the month, Mar reported sales of 25 television sets and remitted 243,000 which is net of ten percent comission. What amount of consignment sales Revenue should be reported by Mark?
Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity is indicated by the
What is the amount of unrealised profit at the year end? During the year to 31 March 2018, Luton sold goods to its wholly-owned subsidiary
the ledger of mesa corporation at december 31st of current year containsnet sales - 1500000cost of goods sold -
Microsoft Corporation reports its investments available-for-sale at the fair value of the investment securities. The net unrealized holding gain is not reported in the income statement. What does Microsoft mean by the term “Reclassification adjustmen..
Consider a project that has an initial investment cost of $1.5 million. How much would the project have to generate in the bad scenario for the project
Suppose KewCo is considering a product line that will provide expected new net cash flows of $100,000 per year for 4 years. What is maximum amount KewCo would be willing to pay for this new product line today?
Prepare the end-of-month closing entries. Record these entries in the general journal and post them to the general ledger. Update balances in the general ledger accounts.
Purchased new equipment for $50,000 by paying cash on January 1, 2018. This equipment will have an 8 year useful life, an estimated residual value of 8,000.
When Enron, with $62 billion in assets, declared bankruptcy in December 2001, it was the largest bankruptcy in U.S. history. In June 2002, Arthur Andersen, once the largest CPA firm, collapsed. In response to these problems, Congress passed the Sarba..
Suggest why net income increased from $92,500 to $414,900 while the cost of goods sold percentage increased each year and selling and administrative expenses remained nearly constant.
Calculate the Book Value per share of the common stock at December 31, 2016. The only dividends that have been declared totaled $32,000 in 2014
calculation of contribution margin and gross margin using marginal costing.1. monsivais corporation a manufacturing
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