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The Yoder Supply Company sells maintenance contracts to the purchasers of the equipment they sell. The cost of the contract is $1450, payable at the signing of the contract. The contract covers a three-year period with regularly scheduled inspection visits (every six months) plus any emergency visits. Experience shows that, on the average, one emergency visit per contract is required each year. Assume that 2,200 contracts were sold in 2014 and that contract sales were made evenly over the year. Give the entries required for 2014 & 2015 to account for the 2,200 contracts.
book value of common stockholders equity of dow chemical december 31 2010 figures in billions. nbspnbspcommon
Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.
a company is considering a special order for 1000 units to be priced at 8.90 the normal price would be 11.50. the order
using the formula method determine the dollar sales that are required to earn a target profit of 11432. liman
1.which of the following balance sheet classifications would normally require the greatest amount of supplementary
a company had a profit margin of 8. if net income equaled 56000 and average total assets equaled 337500 how much were
tri fecta a partnership had revenues of 367000 in its first year of operations. the partnership has not collected on
Sandra Sherman incorporates her apartment building. It has a basis of $50,000, a value of $150,000, is subject to a mortgage of $70,000 and has a depreciation recapture potential of $12,000. If Sandra receives stock worth $80,000, she will recogni..
1. on march 31 2013 home decorating pavilion received a bank statement containing a balance of 9750. the balance in the
The production department started the month with the beginning goods in process inventory of $350,000. During the month, it was assigned the following costs: direct materials, $192,000; direct labor, $90,000; overhead applied at the rate of 30% of..
Horngren (1973) believes that accounting standards must be marketed by regulatory bodies. By this he means that affected parties need to be sold on the benefits of standards. How is this concept consistent with the nature of regulation?
can someone help with my accounting homework problem?posson catering uses two measures of activity jobs and meals in
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