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Question - Capital, a business magazine, collected $480,000 in subscription revenue on May 31. Capital earns a minimum of $351,000 from the buyers who are not the subscribers. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting. What is the balance in the Unearned Revenue account on December 31?
Actual variable costs were: indirect materials $14,957, indirect labor $9,525, Prepare a manufacturing overhead flexible budget report for the first quarter
The cash flow statement partitions the firm's activities into three logical sections. These are operating activities, investing activities and financing.
Using the Internet or the Strayer databases, research the financial statements of a company of your choice. Next, discuss the type of bonds it has issued.
Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2013, assuming that an interest rate of 10% properly reflects the time value of money in this situation.
Problem - Lovato Motors Inc. has cash flows from operating activities of $720,000. Determine the free cash flow for Lovato Motors Inc
Calculate the contribution margin, sales mix and weighted average contribution margin for each product. Also calculate the break-even point in total units
Which multistep income statement divides revenues and expenses further to show? revenues and expenses without further categorization
What should Joe consider about this invitation?- Who are the stakeholders in this situation? - What are the potential outcomes to this situation?
Using scenario in #1 - downstream sale - prepare the consolidation entry recorded by Parent Company in 2011 related to the 2011 intercompany transfer
The company estimates that revenue will increase by $40,000 over the next year as a result of the exhibit. Calculate the impact of exhibit on company profit
Suppose the static budget volume is 16,000 players-this is the denominator volume. Compute the volume variance for fixed overhead cost.
The patent was acquired in January 2012 and has a useful life of 10 years. Prepare journal entries to record the transactions above
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