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Question - Vaughn Manufacturing took a physical inventory on December 31 and determined that goods costing $216,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Tamarisk, Inc., FOB, shipping point, and $21,500 of goods sold to Sheffield Corp. for $32,000, FOB destination. Both the Tamarisk purchase and the Sheffield sale were in transit at year-end. What amount should Vaughn report as its December 31 inventory?
Prepare the entry to record the interest expense at October 1, 2010. Assume that accrued interest payable was credited when the bonds were issued
Finished goods inventory decreased by $75,000. If gross profit was $2,400,000, how much were sales for the period
If the company should not adjust or disclose, indicate that you expect the company to do neither. Explain your reasoning
At the end of the week the total hours charged by the six bookkeepers to client jobs is 150. The cost of spare capacity is closest to
Shady Rack Inc. has a bond outstanding with 10 percent coupon, paid semiannually, what will be the percent change in the market price of the bond?
At the beginning of 2013, the Wizards received a contract to build a new arena for $25 million. What is the total gross profit earned on this project
Define the elements that might be presented in a balanced scorecard.your presentation, you should complete the following: Explain how the elements will be used.
XYZ Company annually sells 30,000 units with a sales mix of 2:3:5: for product A , product B and product C. What is the net income with this sales mix
The value of an investment can be described as equal to the present value of its future cash flows, discounted at an appropriate interest rate. Why does an investment near its maturity have insignificant risk of change in value because of changes ..
Show for Bridge Finance plc the amount that would be charged to the statement of comprehensive income for the year ending 31 December 20X7
The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. Find the number of runs per year
Compute the current break-even point in units, and compare it to the break-even point in units if Mary's ideas are used
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