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Question - Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual credit sales for April were $150,000. Estimated collections in May for credit sales in May are 20%. Estimated collections in May for credit sales in April are 70%. Estimated Collections in May for credit sales prior to April are $12,000. Estimated write-offs in May for uncollectible credit sales are $8,000. Estimated provision for bad debts in May for credit sales in May are $7,000. What are the estimated cash receipts from accounts receivable collections in May?
pearl products limited of shenzhen china manufactures and distributes toys throughout south east asia. five cubic
Should Congress adopt a flat tax, one for individuals and another for businesses, if so at what percentage and at what position in the income chain
equipment which cost 213000 and had accumulated depreciation of 114000 was sold for 121000. this transaction should be
smoluk mining company currently is operating at less than 50 percent of capacity. the management of the company expects
ACC 203 - Do you have any problems if we do not account for the DTAs and DTLs and just account for the current tax liability and the directors are wondering why we should complicate a very simple way of calculating long service leave - why not "stic..
Tom has a business that has been trading for some time. You are given the following information as at 31.12.2002. You are required to prepare a Balance Sheet
Refer to the information above. What are total assets of Quality Galleries at the end of March?$445,000.$283,000.$162,000.$480,000.
The charter of a corporation provides for the issuance of100,000 shares of common stock. Assume that 40,000 shares wereoriginally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
a company declared a 0.55 per share cash dividend. the company has 200000 shares authorized 190000 shares issued and
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research the doctrine of promissory estoppel online. use an actual case to help you discuss the following questions
How much, if any, will Fly be able to itemize as a charitable deduction in 2012 and 2013? Be sure to explain your reasoning with the information from the relevant Internal Revenue Code sections.
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