Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
TechCo is retail distributor for MZB-33 computer hardware units. Sales forecast for the first six months of 2014 are as follows:
Units
Dollars
January
130
390,000
February
120
360,000
March
110
330,000
April
90
270,000
May
100
300,000
June
125
375,000
Total
675
2,025,000
Total sales consist of 25% cash sales, 30% credit cards sales and 45% sales on account. The cash sales and cash from credit cards sales are received in the month of sale. Credit and sales are subject to a 4% discount. The cash receipts for sales on account are 70% in the month following the sale and 28% in the second month after the sale. The remaining 2% are estimated to be uncollectable.
TechCo's month end inventory requirement for computer hardware units 30% of the next month's sales. The purchase price is $1800 per unit. Approximately 60% of the purchases in a month are paid in that month and the rest paid in the following month.
Selling and administration expenses ae equal to 10% of the current month's sales, including $2000 of depreciation. These are paid as incurred.
the key criterion for qualifying as a hedge is that the hedging relationship must be highly effective in achieving
olympic supply company uses the direct-off method of accounting for uncollectible account.instructionsrecord the
westan corporation uses a predetermined overhead rate of 23.40 per direct labor-hour. this predetermined rate was based
on march 1 2016 gold examiner receives 158000 from a local bank and promises to deliver 96 units of certified 1-oz.
sumber jaya imports and sells fasteners bolts and nuts to its customer in all over indonesia. it is a privately owned
In determining the adequacy of the allowance for uncollectible accounts, the least reliance should be placed upon which of the following.
An investment opportunity costing $70,000 is expected to yield after tax cash flows of $20,000 per year for five years. Compute the following based on a cost of capital of 12%.
a company is considering an investment which will return a lump sum of 150000 four years from now. if they require a 10
The distribution consists of $75,000 cash and property with an adjusted basis to the partnership of $20,000 and a fair market value of $25,000. Immediately before the distribution, Wendy's adjusted basis for her partnership interest is $90,000. We..
Captain Inc. purchases a depreciable asset for $100,000. The life of the asset is 10 years and it has an estimated salvage value of $10,000. Captain Inc. takes a full year of depreciation expense in the year the asset is acquired. Which of the fol..
canliss milling company purchased machinery on january 2 2009 for 710000. a 4-year life was estimated and no residual
explain the meaning of the terms tangible and intangible and discuss how these terms are used in describing
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd