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A business borrowed $57,177 on March 1 of the current year by signing a 30 day, 8% interest bearing note. When the note is paid on March 31, the entry to record the payment should include a debit to Interest Payable $381 debit to Interest Expense $381 credit to Cash for $57,177 credit to Cash for $61,751
the statement of retained earnings a.reports how retained earnings changes at a point in time b. reports how retained
donnelly corporation manufactures and sells t-shirts imprinted with college names and slogans. last year the shirts
He has orally assured Terri that he will pay off the account receivable within the next year. Terri reported the $100,000 in the same manner on the preceding year's balance sheet.
Identify five other ways in which the Private Securities Act of 1995 will potentially change auditors' legal liability. Explain how each is of potential benefit to the auditor.
How are the income statement and statement of cash flows used to make business decisions? What are the advantages and limitations of using them to make decisions affecting the future of a business?
nbspyear ending december 2012year ending december 2011year ending december 2010revenues400003500033000operating
fenestre corporations contribution margin ratio is 25. the companys break-even is 80000 units and the selling price of
Zeke Company is a manufacturing company that has worked on several production jobs during the 1st quarter of the year. Below is a list of all the jobs for the quarter:
beyonceacute corporation factors 175000 of accounts receivable with kathleen battle financing inc. on a with recourse
J-mart and Buy-Lo are two companies that sell identical products. They are located in different parts of the same city. During September, J-mart sold $25,000 of goods, while Buy-Lo sold $19,000.J-mart's profit was $9,000, and Buy -Lo profit was $3..
write a paper of no more than 1250 words in which you conduct a comparative and ratio analysis to measure profitability
H55 Company sells two products, beer and wine. Beer has a 10 percent profit margin and wine has a 12 percent profit margin. Beer has a 27 percent contribution margin and wine has a 25 percent contribution margin.
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