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Question - Galgadot Company offers its customers a 3% volume discount if they purchase at least AUD 2 million of its product during the calendar year. On March 31, 2009, Galgadot has made sales of AUD700,000 to Bonhome Co. In the previous 2 years, Galgadot sold over AUD3,000,000 to Bonhome in the period April 1 to December 31. How much revenue should Galgadot recognize for the first 3 months of 2009?
Ables Enterprises has an investment proposed by a division manager. Here are the estimates from the proposal: The required investment for the project is $1,500. The investment will result in two years of cash inflows of $1,000 each, assumed at the en..
Prepare an income statement for the year ended 31 st December, 20X8, by using direct costing. Prepare an income statement for the year ended 31 st December, 20X8, by using absorption costing.
How the IRS might use social media.What additional information would the IRS need to consider in addition to social media data to build a full taxpayer profile?
Prepare Each equal payment from October 2014 to October 2018 is equal to (round to the nearest hundred), On April 1, 2014, Able Co borrow $200,000 for four year
What is the total present value of this stream of payments if the interest rate is 4%?Enter your response below rounded to 2 decimal places.
Growth should drop to 6% and continue at 6% to "infinity." If the required rate of return on these shares is 15%, what is the current value of the firm's shares
Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance and prepare the journal entries to record the exchange on the books of both companies
Which two most important measures of financial performance are? Cash flow from financing activities and net income. / Gross profit and net income
Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year.
Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $13,100, and direct labor, $4,000. The company also incurred $1,330 ..
What will be the net change in the cash conversion cycle, assuming a 365- day year? ABC Corporation has annual sales of $68,735,000
In Hill's December 31, 2007 balance sheet, the accounts payable should be? The balance in Hill Co.'s accounts payable account at December 31, 2007 was P700,000
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