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Problem 1: The green shop ltd started the year with total assets of 70000 and total liabilities of 30000 during the year the business recorded 150000 in car repair revenue, 85000 in expenses and dividends of 30000, If the retained earning of green shop ltd for the hear end is 45000, what is the beginning balance of retained earning
What is the balance of the Accumulated Surplus (Deficit), End to be resented in the Statement of Financial Position as of December 31, 1020
Video Streaming Services (e.g., Netflix and Hulu) provide internet subscription. How do you think these firms should recognize subscription revenues?
Hatch Company has two divisions, O and E. During the year just ended, Division O had a segment margin of $15,400 and variable expenses equal to 60% of sales. Traceable fixed expenses for Division E were $24,000. Hatch Company as a whole had a contrib..
Explain why there are difference in the two approaches. Do you believe it is rational to have these differences in the two reporting entities?
Doris was 70 ½ on May 20, 2018. Assume that her federal tax rate is 22%. What amount of federal taxes must she pay on her $3,000 withdrawal?
Illustrate how a manufacturing company or a service company of your choice uses JIT, and then determine three to four (3-4) benefits of JIT for that particular organization.
Foxy Loxy Lawyers discloses the following information: Fees $400 per hour. Calculate the contribution margin ratio per unit
If you can earn 4.5 percent on your savings, what amount must you save each year if the amount you save each year is the same?
ALei Industries, What is the maximum level of accounts receivable that ALei can carry and have a 35?-day average collection? period?
What Depreciation expense each year using the straight-line method will be? It is estimated that the equipment will have a $59900 salvage value
Key assumptions used to construct the pro forma statement projections: In both the expected and worst case scenarios, Wacky Wines receives the $550,000 loan and uses the loan proceeds to purchase retail space, furniture and fixtures, signage, etc.
Prepare the bank reconciliation for Swingset Company at March 31, 2022. prepare its bank reconciliation at the end of March 202
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