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Assignment :
1. Demonstrate an understanding of basic accounting concepts and how these apply apply to business
2. Outline and contrast cash and accrual bases on accounting
3. Prepare a range of financial statements
4. Distinguish the activities of a service business from those of a merchandising business and explain how accounting systems work for these businesses
5. Demonstrate an understanding of the various methods to monitor inventory
6. Describe the nature of cash and importance of internal control over cash
When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $30.40.
the company purchased treasury stock for $ 35,000 and paid dividends on common and preferred stock for $ 24,000. Determine amount of cash provided by or used for financing activities during the year.
decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Compute the new cash provided (used) in operating activities using the indirect method
Construct Corey’s balance sheet and calculate his net worth. For each remaining part, explain how the event affects Corey’s assets, liabilities and wealth
water usage in the apartment complex went way down. Explain this situation using a basic economic principle.
Dividend will be paid in one year then grows by 5% each year for the next four years. Assume interest rate is 6% per year. At what price would you have to sell the stock in five years in order to break even?
Classify each of the subsequent costs as either direct or indirect for each product and Classify each of the following costs as either fixed or variable with respect to the number of units produced of each product
The income tax rate for that year was 26%. Bodily had an unused $110,000 net operating loss carryforward from 2009 when the tax rate was 33%. Bodily's income tax payable for 2011 would be?
Can the payee of a negotiable instrument be a holder in due course and Against whom can the maker of a note successfully assert a personal defense?
Prepare the required journal entry to record disposal of the van, assuming the following sales amounts for cash
Elucidate the pros and cons of using this method to evaluate a capital expenditure (10 points) and (2) show all computations required to arrive at the correct solution.
Who are the stakeholders in this situation
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