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Question - On June 21st, Jane Jones, owner of the antique shop 'Granny's Treasures' used $110 from the business bank account to buy a present of some books to send to her daughter in New Zealand for her birthday. What is the correct General Journal entry for this?
a. Dr Drawings; Cr Cash at bank
b. Dr Owner's Equity; Cr Cash at bank
c. Dr Stationary & Dr GST Control; Cr Cash at bank
d. Dr Cash at bank; Cr Owner's Equity
e. Dr Cash at bank; Cr Drawings
What are the various business structures that are available to Jack and Jill with respect to the type of business that they would like to establish
Merton Shovel Corporation has decided to bid for a contract to supply shovels to the Honduran Army. The Honduran Army intends to buy 1,400 shovels per year.
Optix Camera Shop uses the lower-of-cost-or-market basis for its inventory. Determine the amount of the ending inventory
Magpie Corporation uses the total cost concept of product pricing. Calculate the markup percentage on total cost for the company's product
CCS owns less than 1% of the IBM stock outstanding. What is CCS's DRD associated with the dividend? CCS's income is $10,000.
Evaluate the following two cash flow streams using the PP, ROI, NPV, and IRR. Assume a MARR of 8%. Plot a graph showing the relationship between the interest rate and the NPV. Provide an interpretation of your calculations and graph.
You have been hired by a UMUC to conduct an operational and information technology audit of UMUC's myUMUC system. The audit is being requested to address concerns from senior executives that the system is not efficient / effective for the user an..
You decide to look at your sales for a typical day. You find that the parlor used 390 pounds of ice cream, Compute the efficiency variances for direct labor
southeastern oklahoma state universitys business program has the facilities and faculty to handle an enrollment of
In the most recent month, 145,000 items were shipped to customers using 5,600 direct labor-hours. What is the variable overhead rate variance
The company issues a 2-for-1 stock split. The market price of the stock is $13. What is the balance in the Common Stock account after this issuance
information for zip manufacturing followsbeginning raw materaisl inventory 46800beginning goods in process inv.
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