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Sales transactions
Journalize the following merchandise transactions:
1. Sold merchandise on account, $41,100 with terms 2/10, n/30. The cost of the merchandise sold was $26,750.
2. Received payment less the discount.
Describe the accounting rules and regulations you would introduce to ensure that these types of accounting irregularities do not occur in the future.
1. discuss the difference between accounting and finance?2. how does financial accounting and financial management
1.what types of derivative transactions does xerox engage in cash flow hedges fair value hedges or speculative
which of the following statements is not true relating to cash flow analysis a cash return on assets indicates the
Our book distribution division sells to national bookstores. Our division allows for up to 25% of sales in returns. For the past 4 years, returns have averaged 20%. We record revenue based on revenue recognition when the right of return exists.
The buyer paid him $110,000 in cash, agreed to take the title subject to the $190,000 mortgage, and agreed to pay him $80,000 with interest at 9 percent one year from the date of sale. How much is Louis' recognized gain on the sale?
during the 2008 tax year brian a single taxpayer received 6000in social security benefits. his adjusted gross income
Nevada's engineers have found a way to reduce equipment manufacturing time. The new method would cost an additional $60 per unit and would allow Nevada to manufacture 20 additional units a year - Should Nevada use the new design?
a companys product sells at 12 per unit and has a 5 per unitvariable cost. the companys total fixed costs are 98000.the
Explain why an audit of internal control provides value to the investing public. Explain the importance of an audit committee to the reliability of the financial statements and the audit function
Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter explaining how you plan to begin the audit process.
A firm has experienced a constant annual rate of dividend growth of 9 percent on its common stock and expects the dividend per share in the coming year to be $2.70.
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