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Problem 1: On January 28, CMCM received in advance, P125,000, from a client for a project that will start on February 14. What is the appropriate entry for transaction 8?
Problem 2: January 29, the company collected the entire receivable from the January 26 transaction. What is the appropriate entry for adjustment 1?
Calculate the sales in dollars required to earn net income of $30000,Management expects fixed costs to be $43000. variable cost are $7 per unit.
Determine the net present value of Project 1 over a seven-year life with residual value, assuming a minimum rate of return of 20%.
Compute the current price of the bonds if the present yield to maturity is? The Wild Rose Company has $1,000 par value (maturity value) bonds
Estimate how the income statement budget would be created for a year starting with the sales budget through the SG&A budget for certain company
What would be the present- day value of that future sum if it were received in 5 years. Show your calculations for converting a future amount
What is the break even point for the bookings? and what is the profitability of the renovations? Three years ago, GBB was able to charge $145 per night
Cost of goods sold would have been $24,232 less than under FIFO. Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO).
Compute the ROI for each division, using the formula stated in terms of margin and turnover. Compute the residual income for each division
Using the FIFO method of process costing, Reconcile the number of physical units worked on during the period. Reconcile the total cost of work in process
Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Mixing Department in June.
A master budget is the compilation of forecasts for coming year or operating cycle made of many departments or function in an organization. What is the most significant forecast made in the master budget? Mention the reasons for your answer.
In detail, recognize the difference between managerial style and managerial function.
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