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1. Performed services for patients who had dental plan insurance. At January 31, $894 of such services was earned but not yet recorded.
2. Utility expenses incurred but not paid prior to January 31 totaled $512.
3. Purchased dental equipment on January 1 for $67,800, paying $46,760 in cash and signing a $21,040, 3-year note payable. The equipment depreciates $339 per month. Interest is $526 per month.
4. Purchased a one-year malpractice insurance policy on January 1 for $17,616.
5. Purchased $1,692 of dental supplies. On January 31, determined that $296 of supplies were on hand.
Performance measurement: introduction to financial statement analysis; assessing firm level performance and an introduction to FSA.
You have been asked to prepare a presentation on managerial accounting for the next board of directors meeting for your company. Prepare a paper of 2-3 pages that discusses the following:
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Calculate the monthly labour turnover rate and the equivalent annual rates under the three methods of labour turnover measurement..
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Marketing and adminstrative expenses were fixed and totaled 20,000 each year a. Prepare an income statement for each year using absorption costing.
An introduction to internal controls, explaining in your own words the two primary goals of internal control.
Relative to corporate formation, how can one contribute appreciated property without gain recognition to the transferor?
It is used 100% of the time for business and it is the only business asset acquired by Norm during 2010. Compute the maximum deduction with respect to the SUV for 2010. If Congress reenacts additional first-year depreciation for 2010, Norm elects ..
On January 1 of the current year, George's basis and at-risk amount in the partnership was $25,000; he made no withdrawals from the partnership during the year. If the partnership sustained an operating loss of $90,000 in the current year, George'..
Augie purchased one new asset during the year (five-year property) on November 10, 2009, at a cost of $600,000. She made the § 179 election. The income from the business before the cost recovery deduction and the § 179 deduction was $500,000. Dete..
Assume that investors have recently become more risk averse, so the market risk premium has increased. Also, assume that the risk-free rate and expected inflation have not changed. Which of the following is most likely to occur?
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