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Problem 1: You are upgrading to better production equipment for your? firm's only product. The new equipment will allow you to make more of your product in the same amount of time.? Thus, you forecast that total sales will increase next year by 17% over the current amount of 93,000 units. If your sales price is $21 per? unit, what are the incremental revenues next year from the? upgrade?
Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Prepare bank reconciliation for the month of July.
A customer purchased an item on credit which journal entry should be made to record this purchase? Accounts Receivable Sales Revenue Debit $ 250 Credit $ 250
Accounts Receivable of $350,000, an Allowance for Uncollectibles based on aging of $18,000. The net realizable value of accounts receivable is
Nature’s Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef’s salad selling for $7. Daily fixed cost are $1,200 and variable costs are $4 per meal. Determine the current average cost per meal
Assuming the each partner is credited for the full amount of net assets invested, how much is capital balance of Jose in the new partnership?
Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
Show an income statement based on this information, being careful to include only those items that should appear in that financial statement
Using the FDIC website, access a UBPR for U.S. bank. Also, access the summary of deposits for their MSA, county and/or state (Illinois) to get an idea of where the bank sits in comparison to the local competition. Is this bank performing well compare..
The company has estimated a growth rate of 8% for the next several years. If the appropriate discount rate is 14%, what is the current price of this share?
Adam Wilton turned 20 years old today. His grandfather had established a trust fund that will pay him $88,000 on his next birthday. However, Adam needs money today to start his college education, and his father is willing to help. Determine the amoun..
You have been hired by a very reputable accounting firm. Your boss has asked you to explain your view of accounting codification because you will need to apply the accounting standards in your role as a staff accountant.
Calculate average cost per unit what amount would be shown as ending inventory under FIFO, LIFO and Average cost?
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