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Question: A physical inventory count determined inventory to be $420,000. Two items of information were revealed: (1) $40,000 of goods that had been sent to a consignee that had NOT been counted and (2) $20,000 of purchased goods in transit (FOB Destination) were NOT included in the count. What is the correct inventory count?
(a) Describe briefly the following three approaches to accounting for equities:
The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.8666. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was cost of the machine to Jenks?
Compute the overhead cost, according to the activity-based costing system, of a job that involves installing 1.8 squares.
Which errors would cause the balance sheet columns of a work sheet to be out of balance? Entering an asset amount in the Income Statement Debit column.
Cash inflows of $26,368.00 at the end of each year for the next 12.0 years. The corporation has a WACC of 9.27%. Calculate the NPV for project Z.
company a get 60 of the share of company b in december 2012 joy is a accountant who work in company a he could take in
Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. Determine the company's sales mix. Determine the company's weighted-average contribution margin ratio.
activity based costing.roche city has 2 major sources of revenues property tax and sales tax which are billed according
The Flores home costs $162,500. They are required to make a 20%. How much did The Flores family pay for the down payment? What is the loan amount?
Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter with a negative sign preceding the number , e.g. -15,000, or parenthesis e.g. (15,000).)
Reliable Furniture manufactures recliners selling for $500 each. Variable costs per unit are $175 for direct material, $125 for direct labor, and $50 for variable overhead. Fixed costs are $300,000 for selling and administrative costs. The company wa..
An auditor noted that client sales increased 10 % for the year - Based on this information, the auditor is most likely concerned about
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