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Question 1: On October 1, 2020, an entity sold 100,000 gallons of heating oil at P50 per gallon. Fifty thousand gallons were delivered on December 15, 2020 and the remaining 50,000 gallons were delivered on January 15, 2021. Payment terms were 50% due on October 1, 2020, 25% on the first delivery and the remaining 25% due on the second delivery. What amount of sales revenue should be recognized in 2020?
a. 5,000,000
b. 2,500,000
c. 3,750,000
d. 1,250,000
Calculate cash generated from operations during 20X8 and calculate interest paid and corporation tax paid during 2011.
Accounts Receivable of the Chalet Housing Co. on December 31, 2013, had a balance of $550,000. Allowance for Bad Debts had a $4,500 debit balance. Sales in 2013 were $3,450,000 less sales discounts of $51,000. Give the adjusting entry for estimated B..
Calculate stock dividend shares and cash dividend amounts Assume that you own 4,000 shares of Blueco, Inc. s, common stock and that you currently receive cash dividends of $0.84 per share per year.
What is the list price of the machine? A floor lamp was purchased for $145.25 and was sold for $167.25. What was the rate of mark-up based on cost?
Topeka Company's income statement for the current month shows that the company sold 400,000 units of its product and earned a net operating income of $600,000. Management is very pleased with the result and believes the company's financial position i..
Jefferson uses the percent of sales method of estimating uncollectible expenses. Based on past history, 2% of credit sales are expected to be uncollectible. Sales for the current year are $5,550,000. Which of the following is correct regarding the en..
calculation of current assets quick assets current ratio quick ratio and working capital.the kroger company is one of
Briefly discuss Current Cost Accounting (CCA) and Historical Cost Accounting? How Research and Development cost can be categorized in financial statements?
Sweeney originally contributed $222,000 in cash for a one-fourth interest in the Gilbert LLC. During the time Sweeney was a member of the LLC, his share of the LLC’s income was $133,200 and he withdrew $88,800 cash. How much is Sweeney’s gain on the ..
Prepare a financial statement analysis of a public company, which I picked Wal-Mart
Find the expected dividend yield.- Find the expected capital gains yield.- Calculate the cost of each capital component, that is, the after-tax cost of debt.
on january 1 2010 sycamore co. issued 7 5 year bonds with a face amount of 5 million dollars. the market yield for
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