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Earned revenue is $87600, of which $78500 had been collected in cash with $9100 still due from customers. Prepare journal entry for general ledger for this for December 30, 2015.
Flexible overhead budgets are based on activity measures such as machine hours or direct-labor hours. Give one example of a plausible activity base to use in flexible budgeting for each of the following: an insurance company, an express delivery serv..
Quantum Enterprises currently sells a piece of luggage for $200. An aggressive competitor has announced plans for a similar product that will be sold for $170. Quantum's marketing department believes that if the price is dropped to meet competition, ..
decision on proposal where contract price is lesser than variable costgenerators inc. produced emergency backup
top company obtained 100 of bottom companys common stock on 1st january 20x6 by issuing 12500 shares of its own common
Beth Corbin’s regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Beth works 46 hours. Beth’s federal income tax withholding is $95.00, and she has no voluntary deductio..
question prepare journal entries in the general fund of the brownville school district.a. the district had outstanding
On March 1, 2014, Oaken furniture Co. issued $700,000 of 10 percent bonds to yield 8 percent. Interest is payable semiannually on February 28 and August 31. The bonds mature in ten years. Oaken Furniture Co. is a calendar-year corporation. Determine ..
Compute 2014 cash-basis net income and Compute 2014 accrual-basis net Income- Primo Industries also paid $72,000 for expenses In 2014. Of the amount paid, $30,000 was for expenses Incurred on account In 2013.
On August 1, 2010, Pavlova purchased a piece of replacement property for cash. The new land cost $90,000, and the new building cost $380,000. Prepare journal entries to record the transactions on April 1 and August 1, 2010.
What would be Hope's finished goods inventory cost under the variable (direct) costing method at December 31, 2015 and what would Hope's operating income be under the absorption costing method?
Jackson, a friend of yours was running a retail business with some old friends. The rest of the shareholders were passive in the business. Prepare the financial statements about the given question.
Preparation of collection forecast form sales - Find the collection forecast for June?
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