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Question - The trial balance before adjustment of Bramble Inc. shows the following balances.
Accounts Receivable Dr. $96,400
Allowance for Doubtful Accounts Dr. $3,090
Sales Revenue Cr. $612,900
Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of
(a) 5% of gross accounts receivable, and
(b) 6% of gross accounts receivable and the Allowance for Doubtful Accounts has a $1,797 Credit Balance before adjustment.
Compute the deemed payment if the terms of the loan require that Ralph pay a three percent annual rate of interest
the joyner corporation originally budgeted for 360000 of fixed overhead. production was budgeted to be 12000 units. the
elle inc. has two types of handbags standard and custom. the controller has decided to use a plantwide overhead rate
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If fixed costs are $350,000 the unit selling price is $29 and the unit variable costs are $20 what is the break even sales
Roscoe Company entered into a lease of special equipment to Mac Company. The lease term was six years. The equipment cost Roscoe $40,000 and Roscoe plans to earn a $4,000 dealer profit. Roscoe's implicit rate on the lease is 12 percent.
Newton Co. had installment sales of $1,000,000 and cost of installment sales of $700,000 in 2010. Calculate the rate of gross profit on 2010 installment sales
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watson packaging sold a machine for 15000. the company bought this machine for 40000 seven years ago and was
Basic Process Costing A department of Jamestown Textiles produces cotton fabric. All direct materials are introduced at the start of the process.
what makes information relevant to a specific business decision? Discuss how opportunity costs, sunk costs, and out-of-pocket costs affect business decisions
sunburst sells a snowboard xpert that is popular with snowboard enthusiasts. below is information relating to
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