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Garber plumbers offers a 20% trade discount when providing $2000 or more of plumbing services to its customers. In march 2012, garber provided $4000 of plumbing services to red oak, inc. and $1500 of services to cyril, inc. Each of these customers was granted credit terms of 2/10, net 30. if both customers paid for the plumbing services within the discount period, what was the net sales figure for these two transactions?
Bob Wolfe's weekly gross earnings for the present week were $2,180. Wolfe has four exemptions. Using the wage bracket withholding table below with a $63 standard withholding allowance for each exemption, what is Wolfe's federal income tax with..
Regarding the auditor's reasoning process about an account balance, the auditor should:
Typically U.S. corporations record and report most changes in accounting principle retrospectively, but sometimes report the changes prospectively. Explain when it is appropriate to report the changes prospectively. Provide examples.
Prepare journal entries for the following selected transactions related to this company's stock during the current year:
Marshall Networks, Inc. has a total asset turnover of 2.5% and a net profit margin of 3.5%. The firm has a return on equity of 17.5%. Calculate Marshall's debt ratio.
Prepare the entries that would be recorded by Menachem Inc. for the sale and for the receipts and interest on the following dates. (Assume that the effective interest method is used for amortization purposes.)
Compare and contrast the deductive, inductive and pragmatic research methods. Discuss human information processing research and the consequences of its findings on accounting.
Jamison Company produces and sells Product X at a total cost of $25 per unit, of which $15 is product cost and $10 is selling and administrative expenses. In addition, the total cost of $25 is made up of $14 variable cost and $11 fixed cost
A department has budgeted monthly manufacturing overhead cost of $270,000 plus $3 per direct labor hour. If a flexible budget report reflects $522,000 for total budgeted manufacturing cost for the month, the actual level of activity achieved durin..
If disposal of a plant asset occurs during the year, depreciation is: a. not recorded for the year. b. recorded for the whole year. c. recorded for the fraction of the year to the date of the disposal. d. not recorded if the asset is scrapped.
cane company manufactures two products called alpha and beta that sell for 120 and 80 respectively. each product uses
bargain rental car offers rental cars in an off-airport location near a major tourist destination in california.
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