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The Richburn Manufacturing Company increased its merchandise inventory by $10,000 over the year. The company also granted its customers more liberal credit terms which increased the accounts receivable by $30,500. Sales were $968,000 and the accounts payable decreased by $20,500. The gross profit on sales is 45%. Marketing and administrative expenses were $138,000; this included depreciation expense of $6,000.
1. What were the cash disbursements for the year?
$567,600.$694,900.$562,900.$242,600.
Luca Company overapplied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the overapplied amount assuming the amount is material?
refer to the amazon.com financial statements including notes 1 and 3 in appendix a at the end of this book. answer the
estimate the effects of falsifying records diverting cash to ghost employees and duplicating expenses on a small
Prepare the journal entries for the eight following transactions. Use dates but descriptions are not required. On 10/1/15, Equipment was purchased for $10,000 cash down payment and a 10% per annum promissory note of $40,000.
The plan provides a six-year graded vesting schedule. Alex is now in his fifth year working for LANL, and his current year salary is $150,000. Alex's marginal tax rate is 28 percent in 2014. Answer the following questions relating to Alex's ret..
For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500..
ben 12 is dependent of his parents. during 2011 he earned income from wages of 2300 and received 2800 of dividends. the
desmond drury and ty wilkins have decided to form a partnership. they have agreed that drury is to invest 20000 and
Outline Connie Johl's professional obligations and recommend how she should proceed in dealing with this ethical dilemma. Identify and comment on the CEPROC statutes that Connie should consider when analyzing this case.
1.as part of the initial investment a partner contributes equipment that had a cost of 50000 and accumulated
chateau beaune is a family-owned winery located in the burgundy region of france which is headed by gerard despinoy.
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