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Question - Alpha Company sells goods to customers who use Worldwide Express nonbank credit cards. Credit card sales on July 15, 2016 amounted to $25,000 and were subject to a 3.5% credit card company collection fee. Alpha Company collected payment from Worldwide Express on July 21. What amounts should be recorded for the following accounts for the July 21 collection?
1. Cash
2. Sales
3. Service Charge
4. Accounts Receivable
Estimate amounts used in the calculation of a break-even analysis for each alternative in #1. Calculate break-even for each alternative
Calculate the probability-weighted value of the residual guarantee that needs to be included in the measurement of the lease payments liability
how and why might the importance of the budget affect generally accepted accounting principles for external general-
The estimated sale value of the equipment's is $3,000. Calculate the accelerated depreciation amount and complete the accelerated depreciation schedule
Prepare a statement of cash flows using the indirect method. Flood damage is unusual and infrequent in that part of the country
A Company sells two products, J and K. The sales mix is 4 units of J and 3 units of K. The contribution margins per unit are $ 40 for J and $ 20 for K. Fixed costs are $ 6,16,000 per month. Compute the break-even point.
Define and explain significant noncash investing and financing activities and the method of reporting them on the statement of cash flows
Trap Adventures, Inc. is looking for an accountant. In your own words, explain to Trap's hiring team the role of accountant and accounting within business.
In the spreadsheet shown below (attached), we computed profit earned by selling houses by entering the formula =F8-E8 in cell G8 and copying it down to G9:G11.
Compute the Jacksonville Brewery's operating income when the denominator-level capacity is theoretical capacity.
Account analysis, high-low. Stein Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2018.
Gray projects taxable income of $1 million for 2010 and $1.2 million for 2011. Should Gray make the gift of the land to charity in 2010 or 2011
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