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Harwichport company has a current ratio of 3.0 and an acid ration of 2.8 Current assets equal $210,000 of which $5,000 consists of prepaid expenses. The remainder of current assets consists of cash, accounts receivable, marketable securitites, and inventory. What is the amount of Harwichport Company's invntory?
Sparks Co. sold merchandise to Boyt Co. on account, $8,500, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $5,100.
paige company has completed all of its operating budgets. the sales budget for the year shows 50000 units and total
on february 1 the board of directors declared a 3-for-2 stock split distributed on february 22 to shareholders of
jason sells stock with an adjusted basis of 66000 to jj inc. his 60 owned corporation for its fair market value of
Circle Co. purchased a piece of equipment by paying $10,000 cash. Circle Co. also incurred a shipping cost of $600 to get the equipment back to its factory. The fair value of this equipment is $11,000. For what amount should Circle Co. record the ..
Palermo Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for April and $475,000 for May. Cost of goods sold is expected to be 60% of sales.
Which of the following is related to the qualitative characteristics that make financial information useful?
kid adventures company projected current year sales of 3600 swing sets at a unit sale price of 225.00. actual current
a company uses a job order costing system and a redetermined overhead rate based on machine hours. at the begin of the
Friedman, Inc., an S corporation, holds some highly appreciated land and inventory, and some marketable securities that have declined in value. it anticipates a sale of these assets and a complete liquidation of the company over the next two years..
powerdrive co. issued 2000 shares of its rm10 par value common stock for rm70 000. powerdrive also incurred rm1500 of
A firm believes it can generate an additional $250,000 per year in revenues for the next 5 years if it replaces existing equipment with new equipment that costs $210,000.
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