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Question - Use the information presented below for Chambersburg Corp. for 2017 and 2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method.
2017
2016
Property, plant, and equipment
$250,000
$190,000
Accumulated depreciation
100,000
85,000
Depreciation expense
62,500
47,500
Net sales
1,000,000
900,000
Average Total assets
625,000
475,000
Required - What is the asset turnover ratio for Chambersburg for 2017?
How would you account for the free ticket award?
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archer company had budgeted sales of 30000 units in april 40000 units in may and 60000 units in june. the company has
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The primary accounting standard-setting body in the United States is the Securities andExchange Commission (SEC).
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A small business owner holds $4,000 in cash; $1,200 in materials; $10,000 in land and $32,000 in plant and equipment. His accounts payable total $9,000 and he has an outstanding bank loan totaling $18,800. what is the owners equity?
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On January 1, Easton Company had cash on hand of $100,000. Use this information to determine the projected ending balance of cash on hand for January
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