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Question - The following items were reported on the statement of financial positions and income statement for Online:
Accounts receivable, 30 June 2017 $250 000
Accounts receivable, 30 June 2018 225 000
Sales for financial year ended 30 June 2018 1 000 000
What amount would be reported in the operating activities section of Online statement of cash flows for collections from customers under the direct method, assuming that all sales are on credit?
a. $1,250,000
b. $1,025,000
c. $1,225,000
d. $975,000
Toni is to receive $84,000 cash upon withdrawal from the partnership. What the journal entry to record the withdrawal of Toni
Conduct research into the question and provide LCC with a letter asserting your opinion based on your research
An employee earns $28 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Determine the gross pay for the week
A small loan company finds 12% of its loans are defaulted for an average of 20% of the loan value. What is the expected percent of default for all their loans?
Sales mix impact: Analyze the impact of the shift in sales mix by determining the sales mix variancebetween 2016 and 2017.
maui blends inc. produces and sells organically grown coffee. on july 1 2012 maui blends inc. issued 2800000 of 7-year
Two years later the bond is converted when the market value of the stock is $150. Prepare the entries at the date of issuance and at the date of conversion.
Free cash flow is expected to grow at 6% rate after 2011. Thw weighted average cost of capital is 11%. If operating capital as of 12/31/2010 is $502.2 million, what is the free cash flow for 12/31/2011?
beach rentals has estimated that fixed costs per month are 79200 and variable cost per dollar of sales is 0.52.a what
At 30 June 2019, Beta Ltd had the following deferred tax balances: Find the balances of the deferred tax liability and deferred tax asset at 30 June 2020
Vehicle lift $20,000; Brake tester $4,000; and wheel aligner, $6,000. What cost should be recorded for the wheel aligner
What is your recommendation assuming all variable manufacturing costs will be eliminated and fixed manufacturing costs for the company are fixed?
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