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Question - Amber sold her personal property in 2019, with details as follows:
Cost 600,000
Mortgage assumed by the buyer 350,000
Installment collection schedule:
2019 200,000
2020 200,000
2021 80,000
1. How much is the selling price?
2. How much is the contract price?
3. How much is the initial payments?
4. How much is the realized gross profit for 2018?
5. How much is the realized gross profit for 2019?
6. How much is the realized gross profit for 2020?
Budget at 2.50.000 units. 4.00,000 units and 5,00.000 units of output per quarter and calculate the profit at each of the above levels of output.
Cagayan Company sells three products. Planned results for next year are as follows: A B C Unit Selling Price P10 P8 P4. Compute the weighted contribution margin
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Title transfer 250, and two year service contract 1,600. What would be the capitalized cost of the van in Dougherty's financial statements
Present the following accounts in the general ledger of Monica Traders for the year ended 28 February 2016 to your lecturer
Assume 100% of the gross salaries and wages are subject to CPP and EI. Therefore, determine the NET pay for this period
Calculate the weighted average number of common shares outstanding to be used in calculating earnings per share for 2017. how much should each class of shares
discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity
what is the amount of interest expense recorded by Pirate, Inc. in the first year of the asset's life?
Celine Dion Company issued $1,044,000 of 10%, 20-year bonds on January 1, 2014, at 102. Prepare the journal entries to record the issuance of bonds
Purchased $ 216 in equipment; paid by signing a $ 5 long- term note and fulfilling the rest with cash. Issued $ 21 in additional common stock for cash contributions made by stockholders. Several NIKE investors sold their own stock to other investors ..
Determine the maximum deduction that would be available to Ms. Sheridan assuming She is an employee with $80,000 in income (no commissions).
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