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On April merchandise costing $15400 reaches the retail located in New Orleans Louisiana the invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10.
How much should be remitted ?
If the merchandise shipped FOB New Orleans , Louisiana charges reversed with transportation charges of $300
Unrelated individuals (A, B, C, and D) each own 25 percent of the Snyder Corporation. Snyder has 400 shares outstanding. Assume the corporation will redeem five shares each year for the next four years from A, B, and C starting in 19X3. Must D recogn..
Prepare journal entries for the January transactions. Prepare adjusting entries at January 31 for the salaries expense, payroll tax expense, and notes payable.
Accountants face a number of unique and precarious situations in their daily work. As a result of scandals and fraud in the financial world, numerous regulations and laws were enacted. One such influential regulation is the Sarbanes-Oxley Act, which ..
I'd like for you to tell me about a company you are familiar with (can be as big as Amazon, or as small as your son's lemonade stand). How does the company generate revenue? Is it a service, retail, manufacturing, or other type of organization? What ..
The profits are $50per inkjet printer and $70per laser printer. Find the number of each type of printer that should be made to give maximum profit, and find the maximum profit.
Lisa Vozniak started her own business, We Do Windows. She offers interior and exterior window cleaning for local area residents. After transaction (p), compute the balance of each account. Prepare an income statement for We Do Windows for the month o..
1) If you were to borrow 9,600 over five years at 0.14 compounded monthly, what would be your monthly payment? Your uncle promises to give you $600 per quarter for the next five years. How much is his promise worth right now if the interest rate is 0..
On October 15, 2014, Napole Corporation, a French company, ordered merchandise listed on the internet for 20,000 euro from Adams Corporation, a U.S. corporation. The euro rate was $1.20 (U.S. dollars) on October 15. Compute the foreign currency gain ..
Shore Co sells two products, Kayaks and Motors- Last year Shore sold 12,600 units of Kayaks and 23,400 units of Motors. Related data are
In 2012 Tony invests $35,000 in an activity for which he is not a material participant. Tony has no other sources of income. Calculate Tony’s deductible loss, basis, and any losses suspended under the at-risk and/or passive activity loss rules each y..
1. Identify and define the two alternatives for measuring (valuing) assets.
Mio was transfer from New York to Germany. He lived and worked in Germany for 340 days in 2015. Mio's salary for 2015 is $190,000. In your computation, round any division to four decimal places before converting to a percentage.
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