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Susan Kline works for Trend Press, a fairly large book publishing firm. Her best friend and rival, Lisa, works for Silver Books, a smaller publisher. Both companies issue $100,000 in bonds on July 1. Trend's bonds were issued at a discount, while Silver's were issued at a premium. Lisa sent Susan a fax the next day. She told Susan that it was obvious who the better publisher was-the market had shown its preference! She reminded Susan again of her recent increase in salary as further proof of the superiority of Silver Books.Draft a short note for Susan to send to Lisa. Explain how such a result could occur.
Prepare sample accounting journal entries for each step of the lay-a-way plan. Add any accounts to the company's chart of account that are needed. State if the added account(s) are assets, liabilities, revenue, expense, ect.
Imagine you are the Director of Internal Audit and executive management has asked you to work with the Chief Information Officer to evaluate the security over Information Technology.
JC Accounting performs two types of services, Tax and Consulting. JC's overhead costs consist of computer support, $200,000; and legal support, $100,000. Information on the two services is:
A Club has food sales of $4,000,000 and a food cost of 40%. The club's current ratio is 2, its food inventoryturnover ratio is 16, and its average collection period is 45 days. assume a year has 360 days.
Shopkeeper sale this good on breakeven. Calculate the no of Unit sale in two different categories This is a trading Company.
Prepare a master budget including a budgeted income statement, balance sheet, statement of cash receipts and disbursements, and supporting schedules for the months January through March 2008.
Caculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 430 units occurred on June 15 for a selling price of $8 and a sale of 370 units ib June 27 for..
You are to prepare the missing adjusting entry. Please indicate DR (debit ) or CR (credit) to the left of the account title, and place a comma between the account title and the amount of the adjustment.
at the end of 1999 the total assets of dole corp were 90000 and total liabilities were 50000. the company has been in
Grossmont Company reports $1,375,500 of net income for 2009 and declares $192,500 of cash dividends on its preferred stock for 2009. At the end of 2009, the company had 350,000 weighted-average shares of common stock.
What are the implications for a scientific utilitarianism, if these `pleasures" are being created by business? Does it matter?
Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month. Illustrate the effect on the accounts and financial statements of the materials transferred in (a)
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