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Karim Corp. requires a minimum $8,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8,400 and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) are:
on the basis of the following data for branch co. for the year ended december 31 2011 and the preceding year prepare a
a business operated at 100 of capacity during its first month and incurred the following costsproduction costs 10000
Assume that 2,20 contracts were sold in 2011 and that contract sales were made evenly over the year. Give the entries required for 2011 and 2012 to account for the 2,200 contracts.
walts hot peppers began 2008 with a debit balance in accounts receivable of 20000 and a credit balance in allowance for
the total factory overhead for landen company is budgeted for the year at 675000. landen manufactures two drapery
im using a accounting 1 book by warren reeve duchac my question is how do i journal the following entries on the
gopal was holding 100 shares of rs.10 each of a company on which he had paid rs3 on application ad rs.2 on allotmentbut
Prepare the journal entry to record the issuance of the bonds on January 1, 2012 and Show the long-term liability balance sheet presentation of the bond liability at December 31, 2012.
"A long term debt of 2,151,000 represents the remaining balance on a 30 year old loan taken out 20 years ago at 11 % which options to refinance every ten years. If we refinance for the remaining 10 years at 7% how much interest expense will we sav..
explain the procedures of apportionment of overhead expenses through departmentalization with the help of practical
the tyus company has provided the following data for the month of july raw materials july 1 15000 july 31 ? work in
The following selected account balances were taken from ABC Company's general ledger at January 1, 2011 and December 31, 2011.
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