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Questions -
Q1) On April 1, French Inc. signs a $600,000 contract with their supplier to produce 2,000,000 units of inventory starting October 1. On July 31, a decrease in production costs reduces the contract's market value to $520,000. Record the July 31 adjusting entry (if necessary).
Q2) On February 14, Urlach Corp. purchases $7,800 of inventory on account with terms 3/10, N/30. On February 28, the company pays off their full balance due from the purchase. Assume the company uses the gross method for discounts and the perpetual method for inventory. Record the February 28 entry for the payment. You may round amounts to the nearest dollar?
Calculate the price of the share at the end of year 3 when the company settles to a constant growth rate. Calculate the dividends for the next 3 years
bonnie and clyde each own one-third of a fast-food restaurant and their 13-year-old daughter owns the other shares.
Proceeds from long-term borrowings 400,000. Based on the above information, find the cash provided by investing activities for calendar 2020
Show all calculations within the cells of an Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined.
Determine the EOQ before and after the change in the cash discount policy. Translate this into average inventory (in units and dollars) before and after the change in the cash discount policy.
assume youve been recently hired as the financial analyst of company d ltd which was recently formed to manufacture the
State whether each of the following events will result in a movement along the market demand curve for labor in electronics factories in China or whether it will cause the market demand curve for labor to shift. If the demand curve shifts, indicat..
The fiscal year ended on 6/30/2015. Prepare the journal to record the repayment of the loan after the 90days loan period
goshawks co. produces an automotive product and incurs total manufacturing costs of 2600000 in the production of 80000
selected account balances for the year ended december 31 are provided below for superior companynbspnbspnbspnbspselling
The following transactions pertained to DEF Tracking Services for the year ending December 31, 2019: Paid P45,000 for a two-year earthquake insurance policy.
It takes 6 hours and 45 minutes to make one Patagonia wet suit. Describe how Patagonia should compute the cost of making a wet suit.
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