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Question 1: Mario's Home Systems has sales of $2,860, costs of goods sold of $2,200, inventory of $512, and accounts receivable of $434. How many days, on average, does it take Mario's to sell its inventory?
Calculate the variable overhead spending and efficiency variances and calculate the variable overhead spending variance.
Which Inventory method you recommend for reporting for income tax purposes? why?The company is operating in an inflationary environment. Which method should the company use to maximize inventory valuation? why?Should the replacement cost be used to v..
You have been asked to assess the expected financial impact of each of the following proposals to improve the profitability of credit sales made by your company. Each proposal is independent of the other. Compute the incremental income after taxes th..
question1. on may 10 the company purchased goods from fry company for 70000 terms 310 n30. purchases as well as
If the interest rate that the firm must pay to borrow capital is 25%, then if the firm borrows the optimal amount of capital, what is the organization's total revenue?
Discuss why cash is inherently a high-risk item on the balance sheet but not as high a risk to the actual audit program itself. Consider these questions: When is cash a high risk, and when is it a low risk? What are possible outcomes of re-performing..
This year Amy purchased $4,200 of equipment for use in her business. However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business. After the accident, Amy repaired the equipment for $1,020. What amou..
An investor has $10,000 invested in Treasury securities and $15,000 invested in stock UVW. UVW has a beta of 1.2. What is the beta of the portfolio?
Prepare the investment-related asset and stockholders' equity balance sheet presentation for Forte Inc. on December 31, 2017.
The equipment was then estimated to have a useful life of 10 years with 7000 salvage value. The equipment will be depreciated using the straight-line method. On December 31, 2010, XYZ company sold the equipment for 26000 cash. Calculate the gain reco..
William received a plumbing licence and decided to start his own business. How much cash would show on this business' statement of financial position
Rina Boutique advertises a discount of $54.72 on sandals. If the discount is 33.5%, for how much were the sandals sold? Round to nearest 100th.
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