Reference no: EM132868571
Problem - Journalizing these transaction:
05-Apr Performed surgery on a customer todat and collected $5,200 cash.
08-Apr Purchased surgical supplies on credit for $19,600.
10-Apr Contacted a client's lawyer today regarding a complaint about the surgery. The client is planning to sue for $100,000.
18-Apr Paid salaries of $47,000.
20-Apr Performed six surgeries today, all on credit for $4,400 each.
21-Apr Paid $3,200 for the surgical supplies purchased on April 8.
22-Apr Paid the April utilities bill today of $1,400.
29-Apr Collected from four of the credit customers of April 20.
Calculate the revised future income tax asset-liability
: Deferred development costs capitalized exceeded amortization of deferred development costs by $20,000. Calculate the revised future income tax asset/liability
|
Missing the digital boat-the downfall of an icon
: Read the case study titled Kuoni: Missing the digital boat-the downfall of an icon in the travel industry and then respond to the discussion questions.
|
Calculate the contribution margin ratio
: The selling price per pair of speakers is $1,000. Calculate the contribution margin ratio, Break-even sales, Expected sales and margin of safety in dollars
|
Preferred stock to municipal bond
: If corporate bonds offer 9% yields, what must municipals offer for the investor to prefer them to corporate bonds?
|
Problem - Journalizing these transaction
: Problem - Journalizing these transaction: 20-Apr Performed six surgeries today, all on credit for $4,400 each
|
Prepare the appropriate journal entry to record income taxes
: No temporary differences existed at the beginning of the year, and the tax rate is 25%. Prepare the appropriate journal entry to record income taxes in 2022
|
Which option should be selected and why
: Variable Factory Overhead P16.00, Fixed Costs for the plant would increase by P75,000. Which option should be selected and why
|
Compute net income for the first year for Tri Fecta
: Tri Fecta, a partnership, had revenues of $200,000 in its first year of operations. Compute net income for the first year for Tri Fecta
|
Allocate gain and loss for the year
: Allocate gain and loss for the year 2 using a target allocation method. The asset was not depreciated and there was no other business activity in year 1 and 2
|