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Problem 1: Alex Company borrowed $1,000,000 from a bank on October 1st. The note carries an annual interest rate of 12%. Prepare the adjusting journal entry at December 31st.
Find What selling price per unit is necessary to achieve this result? The firm wants to achieve a level of earnings before interest and taxes of $250,000.
The market value of the assets of a corporation, What is value of the assets required by the debt holders to permit a fair interest rate of approximately 10%?
Lance Company manufactures baskets. When the standards for the covered basket were developed, it was determined that four hinges were needed for each basket and the standard cost for each hinge was $0.32. During the month, 450 covered baskets were pr..
Poskey Corporation uses an activity-based costing, How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?
Customers by adjusting the price of their product, how many units of product Bolt would need to be sold next round to break even on the product?
You want to triple your money in 5 years. What interest rate must you earn if the interest is compounded annually? How to calculate the interest rate?
The count of cash in the cash register is $1,055. There was $0 cash in the drawer at the beginning of the day. The correct entry to record the cash sales is
What portion of these gifts is subject to the gift tax after consideration of the annual exclusion? $20,000 to University of North Alabama to pay niece tuition.
Calculate ROI and ROE for Coca-Cola Co. and PepsiCo, Inc. for 2011. (Hint: You will need to calculate some of the numbers used in the denominator of these ratios.)
TEL is based in Toronto, What is the fair value of the hedged item that needs to be reported on TEL's separateentity balance sheet as of Dec 31, 2019?
What are the disadvantages of AVCO method and which of them is better, FIFO or AVCO and, if there is any odd results, could you explain why?
What impact will each of these options have on the company's profit? Prepare a one-page letter to the managing director of GeneTech Ltd advising her of your preferred treatment for the research and development costs.
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