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Question - XYZcom pays $4,800 for 12 months insurance in July. Rather than recording the whole amount against July's expenses, it wishes to show the expense equally across the periods for which it paid the premium. In other words, rather than showing a $4,800 expense for July it wishes to use prepayments to show a $400 expense in all months.
Show the general journal transactions for July. The general journal transaction number is GL7, the insurance account is 6010, and the prepaid insurance 1945. The transaction is processed on the 31st July.
Compute the equivalent units of production for October assuming that the company uses the FIFO method of accounting for units and costs
Determine leadership approaches, based on individuals and the situation. Highlight the principles you have applied from various leadership theories.
How much is the gross profit for the year? Increase in accounts receivable- P100,000. Collections on accounts- P800,000. Cash sales- P120,000
What would Timberline's maximum depreciation expense be for 2016 assuming no bonus depreciation
If the discount rate is 12%, should the grill be purchased? What are the operating cash flows in years 1 to 3?
If you were to send your top managers to these countries, what type of cultural shock should they expect? How would you help them alleviate this stress? Provide a few examples from each country.
For the year ended December 31, 2010 ,Taylor & Partridge, earned an ROI of 14%. Sales for the year were $14 million, and average asset turnover was 2.4. Average owners' equity was $2.6 million.
two wheels operates on a fiscal year beginning january 1. at the beginning of the year the shop had 6 bicycles 394 each
Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December
With this system it is estimated that 120 cars per hour can be serviced. All workers earn the minimum wage. Use productivity arguments to recommend whether or not to change the current system.
when sally turns 30 years old she will receive 10000 per year for 10 years in accordance with her grandmothers will.
Looking for cost savings in administrative areas, Compute the partial productivity measures for labor for the four locations
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