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Upton Company was started on January 1, 2011, when the owners invested $168,000 cash in the business. During 2011, the company earned cash revenues of $95,200 and incurred cash expenses of $64,400. The company also paid cash distributions of $9,500.what are the expenses?
Forecast the mileage for next year using a2-year moving average. Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 2,900miles.
techmore had net income of 250000 based on variable costing. beginning and ending inventories were 50000 units and
on may 1 2012 chance corp. issued 319800 7 5-year bonds at face value. the bonds were dated may 1 2012 and pay interest
axel needs new equipment. two companies can provide similar equipment but under different payment plans plan a mre
aesar and Junius orally agreed to become partners in a food testing business. one-half of $80,000, the reasonable value of Caesar’s services during the operation of the partnership. Who will prevail and why?
a. Organize the information in accounts under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for 2010. c. Write a memo discussing the advantages to a business of arranging a line of credit.
your client keith moreland leasing company is preparing a contract to lease a machine to souvenirs corporation for a
A department has budgeted monthly manufacturing overhead cost of $270,000 plus $3 per direct labor hour. If a flexible budget report reflects $522,000 for total budgeted manufacturing cost for the month, the actual level of activity achieved durin..
prepare the required general journal entry to record the following transactions for the flaherty company.a. incurred
1.lloyd christmas ltd.s accounting records reflect the following account balances
what is the process for adjusting the value of a trading or available-for-sale security after a valuation account has
maries catering makes sandwiches for vending machines. the sandwiches are delivered to the vendor on the same day that
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