Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Questions -
Q1. Home Co. reported deferred gross profit of 200,000 and 60,000 at the beginning and end of the year, respectively. Home Co. consistently made sales at a 25% gross profit rate. how much were the total collections during the year?
a. 480,000
b. 560,000
c. 580,000
d. 620,000
Q2. BAUTISTA CO. on September 30, 20x1 sold for 48,000 a piano costing 30,000. The downpayment was 4,800 and an equal amount was to be paid at the end of each succeeding month. Monthly interest of 1% yield rate was to be charged on the unpaid balance of the installment contract, with payment applying first to accrued interest and the balance to principal. After paying a total of 19,200, the customer defaulted and the piano was correspondingly repossessed on February 28, 20x2 at which time it was estimated to have a value of 16,800 on a depreciated cost basis. BAUTISTA co. uses a perpetual inventory system and records the total deferred gross profit at the time of sale
How much was the realized gorss profit at the end of 20x1?
a. 7,200
b. 7,039
c. 6,763
d. 6,489
Q3. How much was the gain or loss on the repossession in 20x2?
a. 1,928
b. 1,867
c. 2,124
d. 1,678
If a 7%, 10-year, $800,000 bond is issued at face value and interest is paid annually, what is amount of the interest payment at end of the first year period
Bob Co. has decided that it needs ten new modern buses. What is the NPV lease for the manufacturer
What are several examples of internal, management-prepared information that ordinarily would not be communicated externally?
a truck manufacturer makes both light duty pickups and heavy duty semis. each semi requires 5 worker days labor in the
Dollar-Value LIFO Norman's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2010, Norman adopted dollar-value LIFO and decided to use a single inventory pool.
The Fair Debt Collection Practices Act has four different types of collection practices. Explain who the legislation applies to and explain the four different collection methods.
Can you provide an illustration or example of an accounting procedure/situation whose outcome may differ based on absolutism or relativism?
The remittance was net of the 15% commission. What should Abraham recognize as consignment sales revenue for 2016
on august 1 a student signed a lease for an apartment for a period of three years. under the lease agreement a security
ACDC Pty Ltd were advise, ACDC Pty Ltd have not adjusted the value of their assets at 30 June 2019. Which accounting principle has been violated?
Determine A local government donates land with fair value of $50,000 to a firm as an inducement to locate manufacturing facilities in the area.
Write a 1750- to 2,050-word paper in APA format with citations and references that provides a financial comparison of the two companies and your recommendations to improve the financial status of each.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd