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Problem 1: Assume that a walnut farmer supplies 100,000 pounds of Walnuts to Diamond on Sept 15, 2010 (the Fall 2010 crop season) when Diamond's estimated price is $0.80/pound. Diamond agrees to pay (and pays) 35% of the estimated price on Oct 15, 2010, 50% of the estimated price on Feb 15, 2011, and the balance on Aug 15, 2011. On Apr 15, 2011 Diamond estimates (but does not announce to farmers) the final purchase price for the Fall 2010 crop to be $1.00 per pound. Assume that by 7/31/2011 (end of FY2011), Diamond sold 80% of the walnuts purchased at a selling price of $2.00/pound. Show necessary journal entries for Diamond from Sept 15, 2010 through Aug 15, 2011 (including adjusting entries on 7/31/2011). [Debit the Purchases account at the time of purchase. Omit closing entries.]
What is the after-tax cost of new preference shares for NRMA if the flotation (issuance) costs for a new issue of preferred are 6 per cent?
What The interest capitalized for 2016 was? On January 2, 2016, Indian River Groves began construction of a new citrus processing plant.
compute the overhead variances.consider the following data for the rivera companyfactory overheadfixed variableactual
What will be the company's stock price following the stock split, assuming that the split has no effect on the total market value of JPix equity?
Calculate the economic value added assuming its cost of capital is 10%.
Need an essay on the "transfer of juveniles to criminal court." 1) No Abstract---a paper of this size does not need one. 2) No history of your topic. We don't need to consider/know that transfer has existed since the first days of juvenile court or t..
The stockholders’ equity section of Tkachuk Corporation appears below as of December 31, 2014. 8% preferred stock, $50 par value, authorized 100,754 shares, outstanding 90,754 shares $4,537,700 Common stock, $1.00 par, authorized and issued 10.40 mil..
Racquel deposited $40,000, Racquel also wants to have exactly $60,000 left in the account in 2026. How large can each of the annual withdrawals be?
Purpose a brief comment to management on the results of operations. What recommendations would you make to management to improve profitability?
Make a Balance the ledger accounts where necessary. May 1 Bought shop fittings and fixtures from store fitments Ltd for £2,000.00
Calculate basic earning and various diluted earnings per share for 2020. Provide your answers in a layering format showing all calculations.
Betterments are a type of capital expenditure
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