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Sandy Johnson owns a small variety store. The following transactions took place during March of the current year. Journalize the transactions in a general journal using the perpetual inventory method.
Mar. 3 Purchased merchandise on account from City Galleria, $2,700.7 Paid freight charge on merchandise purchased, $175.13 Sold merchandise on account to Amber Specialties, $3,000. The cost of the merchandise was $1,800.18 Received a credit memo from City Galleria for merchandise returned, $500.22 Issued a credit memo to Amber Specialties for merchandise returned, $400. The cost of the merchandise was $240.
Assume the same information in E 14-4, except that Celine Dion Company uses the effective-interest method of amortization for premium or discount. Assume an effective yield of 9.7705%
BC Company estimates the following data for the coming month: total variable costs $60,000.00, income tax rate 30%, contribution margin percentage 60%. Find the estimated total sales for the coming month.
the following information is given for mchugh inc. for the month ended october 312010. mchugh uses a periodic method
Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the organizational form you think they should use.
Locust Corporation desires to set up a distribution facility in a southern state. After considerable negotiations with a small town in Alabama , Locust accepts the following offer: land (fair market value of $3million) and cash of 1million.
If investor company owns 20% of the stock of investee company and investee company reports profits of $100000, then Investor company reports equity income of ?
Currently, the unit selling price of a product is $110, the unit variable cost is $80, and the total fixed costs are $345,000. A proposal is being evaluated to increase the unit selling price to $120.
The February cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Would each of the following increase, decrease, or have an indeterminant effect on a firm's breakeven point (unit sales)?
an acronym for the assessment of the external and internal environments of the business corporation in the process of
The compensation associated with executive stock option plans is:
alexia corporation was organized on january1 2012. it is authorized to issue 10000 shares of 8 100 par value preffered
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