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Garber Plumbers offers a 20% trade discount when providing $2,000 or more of plumbing services to its customers. In March 2012, Garber provided $4,000 of plumbing services to Red Oak, Inc. and $1,500 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?
What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit?
during 2009 the ellis corporation had 370000 shares of 20 par common stock outstanding. on january 1 2009 2000 8
assess the three procedures that are effective in identifying breakdowns in internal controls due to override and
in peachtree you have to add a customer in order to record a sale. why? what would be key controls in peachtree that
what are cash equivalents and why are they included with cash on the balance sheet? how are cash equivalents different
1. which gaap requires the use of depreciation for assets that have useful lives beyond 1 year? explain why this
martin albert married filing jointly with two dependent children now living in virginia received 115000 in salary in
dorsey co. has expanded its operations by purchasing a parcel of land with a building on it from bibb co. for 96000.
buyu manufacturing has beencontracted to provide sael electronics with printed circuit and motherboards pc boards
A debt instrument with no ready market is exchanged for property whose fair market value is currently indeterminable. When such a transaction takes place:
in 2004 link realty company purchased a tract of land for 9000000. link developed the land into an industrial park at
a companys income statement showed the following net income 130300 depreciation expense 31500 and gain on sale of plant
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