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1. Sun Inc. Factors $3,000,000 of its accounts receivables for a finance charge of 5 percent.The finance company retains an amount equal to 10 percent of the accounts receivable for possible adjustment.
a. Provide the journal entries for Sun assuming that the factoring is without recourse
b. Provide the journal entries for Sun assuming that the factoring is with recourse, and the recourse liablity is estimated at 115,000 dollars
youve worked out a line of credit arrangement that allows you to borrow up to 60 million at any time. the interest rate
Work out factory overhead absorption rate for both normal as well as expected actual capacity.
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prepared income statement prepared statement of retained earning prepared balance sheet this is part one . part two
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wexford plc manufactures highquality wooden toys. production variesfrom long runs of popular models to short runs of
On February 5, 2010, Tropical Connection Company, a garden retailer, purchased $25,000 of seed, terms 2/10, n/30, from Midwest Seed Co. Even though the discount period had expired, Lydia DeLay subtracted the discount of $500 when she processed the..
How should earned but unbilled revenues at the balance sheet date on a long-term construction contract be disclosed if the percentage-of-completion (POC) method of revenue recognition is used?
which of the following is not an indicator that the customer is likely to have control over a good? a)acceptance the asset B) assets warehouse by seller-affiliated thrird party c) legal litle to the asset
Prepare a production budget for next year - East Mountain Bike expects to sell 25,000 electronic bicycles next year
at the todd company the cost of the personnel department has always been charged to production departments based upon
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