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Problem 1: The prepaid insurance account had an opening balance of $740 and a closing balance of $800. During the year the company recorded an insurance expense of $510. How much cash did the company pay for insurance this year? Problem 2: Construct a T account and show the movements in the relevant account.
As an accountant, what is an example of when you might want a large standard deviation? That is data that is more spread out?
on 12th july 2011 fred city ordered a new computer at an anticipated cost of 114400. the computer was received on july
Discuss other alternatives aimed at optimizing deductions or reducing taxes, such as selling the property to an unrelated third party which, in turn
Compute the price and efficiency variances of New Fashions for direct materials and direct manufacturing labor in June 2009 and describe the types of actions the employees at New Fashions may have taken to reduce the accuracy of the standards
Ayenew Company's financing plans for next year include the sale of long-term bonds with a 10% coupon. What is Ayenew after-tax cost of debt
Spencer Duck (SSN 000-22-1111) is single and his eight-year-old son, Mitch, lives with him nine months of the year in a rented condominium at 321 Hickory Drive in Ames, Iowa. Mitch lives with his mother, Spencer’s ex-wife, during the summer months. I..
What is the price per share if you don't undertake the swimsuit business? What is the price per share if you undertake the swimsuit business?
If an Australian company enters a forward exchange contract to buy US$15,000, then which of the applies? The company has contractual right to receive US$15,000
Graph the consumer’s Price consumption curve for prices, PX = $1, PX =$ 2, and PX = $3. Be sure to label your graph carefully and accurately
On February 1, 2011, Lagune & Sons issued 9% bonds dated February 1, 2011, with a face amount of $200,000. The bonds sold for $182,841 and mature in 20 years. The effective interest rate for these bonds was 10%. Interest is paid semi annually on July..
Ames Company reported 2012 net income of $151,820. During 2012, accounts receivable increased by $13,280 and accounts payable increased by $9,730. Depreciation expense was $46,760. Prepare the cash flows from operating activities section of the state..
Review a current issue of the Federal Reserve Bulletin, or review of copy from the Fed's Web site (www.federalreserve.gov) or the St. Louis Fed's Web site (www.stlouisfed.org). And Determine the changes in the prime rate that have occurred since the ..
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