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Question 1: Borrow $150000. You use $120000 to purchase a business (sole trader) on the 1st january. You also use $30000 as working capital. What accounts are credited and debited to deal with these two transactions?
Determine the variances for October Total direct material cost variance and total direct labor cost variance
Minal Hair Products, a New York-based corporation is preparing financial statements for its financial year ended June 30, 2010. The equity capital on July 1, 2009 consisted of 1 million shares of common stock outstanding and 20,000 shares of $50 par ..
Assume that the equivalent units of production this month for Alabama Red's Hot Sauces are 8,350. If the costs in beginning inventory were $450.00 and current manufacturing costs were $5,311.50,
Ryan 66 old and bella 54 old married. 2 kids 18 years and britany 23 graduated 2014 may. During year matt earn $4940 part time and britany $ 12500 in job start in October. Both live with parent. gross income both parent 147000. Bella parent also livi..
Evaluate the breakeven point in batteries and determine the margin of safety, assuming sales total $60,000?
mega offers a includes 1 coupon in each box of soap powder that it packs 8 coupons being redeemable for a premium
Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013 income statement and the balance sheet as of December 31, 2013.
Finlon Upholstery, Inc. uses a job-order costing system to accumulate manufacturing costs. The company’s work-in-process on December 31, 20x1, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. Determine the..
Advise Mr. Perry on purchase he is considering. How should note payable and the equipment be valued?
On March 1, 2014, Eric Keene and Abigail McKee form a partnership. Keene agrees to invest $21,100 in cash and merchandise inventory valued at $55,900. McKee invests certain business assets at valuations agreed upon, transfers business liabilities, an..
Units in ending working process inventory = 20,000 (100% complete for direct material, and 40% complete for conversion).
Consider a put option on the ASX200 index. Assume the index currently stands at 5,768. It is expected to increase or decrease by 15% over each of the next two time periods of two months. The risk-free rate is 5.75% and the dividend yield on the index..
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