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Tidbit Inc. has a sales budget for next month of $800,000. Cost of goods sold is expected to be 25 percent of sales. All goods are purchased in the month used and paid for in the month following purchase. The beginning inventory of merchandise is $16,000, and an ending inventory of $28,000 is desired. Beginning accounts payable is $76,000. What will be the ending accounts payable balance for Tidbit Inc?
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A company's prime costs total $3,000,000 and its conversion costs total $7,000,000. If direct materials are $1,000,000 and factory overhead is $5,000,000, then direct labor is:
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Barrett's Fashions forecast sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for the four..
please show computation and give reasioning behind answerson january 1 2012 phil sonics corporation issued 2000000 of
what is the impact of goodwill in explaining the difference in Nokia's net income and shareholders' equity under IFRS versus US GAAP?
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Compute the day’s sales uncollected for both companies as of the end of current period. Which company is doing a better job in managing the collection of its receivables?
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It is estimates that 16% of the cost of goods sold represents fixed factory overhead costs and that 20% of the operating expenses are fixed. Since Royal Cola is only one of many products, the fixed costs will not be materially afected if the produ..
on january 1 2013 calloway company leased a machine to zone corporation. the lease qualifies as a direct financing
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