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1. What is the nature of (a) a credit memorandum issued by the seller of merchandise, (b) a debit memorandum issued by the buyer of merchandise?
2. Who bears the transportation costs when the terms of sale are (a) FOB shipping point, (b) FOB destination?
3. When you purchase a new car, the "sticker price" includes a "destination" charge. Are you purchasing the car FOB shipping point or FOB destination? Explain.
4. Bernard Office Equipment, which uses a perpetual inventory system, experienced a normal inventory shrink- age of $19,290. (a) What accounts would be debited and credited to record the adjustment for the inventory shrinkage at the end of the accounting period? (b) What are some causes of inventory shrinkage?
At the end of the year, actual direct labor-hours for the year were 17,400 hours, manufacturing overhead for the year was overapplied by $13,850, and the actualmanufacturing overhead was $294,130. The predetermined overhead rate for the year must ..
obtain a current annual report for hewlett-packardhp company.write a 2-3 pages in which you mustbullidentify and
Graff Company has cash of $40,000, net accounts receivable of $90,000, and net sales of $720,000. Last year's net accounts receivable were $70,000. Compute the following ratios.
the following table contains data obtained from annual reportsof stride-rite a shoe manufacturer and retaileryears
an end of the month 13113 inventory showed that 140 units were on hand. if the company uses fifo and sells the units
examine the ethical issues and dilemmas. rank-order the issues in terms of their negative impact on both business and
Required: 1. Complete the following: Shares issued _____. Shares outstanding _____. 2. The balance in Additional Paid-in Capital would be $ _____. 3. Earnings per share is $ _____. Round your answer to two decimal places. 4. Total dividends paid on ..
a company paid a cash dividend of 0.44 per share during the current year and reported 18000 shares of common stock
Your company has been very profitable and expects continued financial success. Its stock price has reached a point where the company needs to make it more affordable. Would you recommend a stock dividend or a stock split? Why?
zenon chemical inc. processes pine rosin into three products turpentine paint thinner and spot remover. during may the
a company allocates 7.50 overhead to each unit produced. the company uses a plant wide overhead rate with direct labor
over the past few decades the cost structure of manufacturing companies has shifted. in the early 1900s direct material
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