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Question - Acenso Comoany is a magazine publisher that publishes articles about people who were successful in their businesses. The monthly magazines are released at the last day of each month, but by 12 noon of the same day, all stocks are sold out. Due to this, Mr. Tibs , an aspiring entrepreneur, subscribed to all the monthly magazines issues for a period of three years beginning September 31,2013 , paying the amount of Php 7,200. What is the initial entry to record the receipt of the Php 7, 200 form Mr. Tibs and the adjusting entry on December 31, 2013?
As an investor, which option would you prefer a company to take and why? Many companies will be struggling over the next year or two because of the COVID-19
The company is using Economic Order Quantity model in placing the orders. What is the annual carrying costs of cheese inventory.
Calculate the times interest earned ratio for LaTonya's Flop Shops, Inc. Sales are $1.47 million, cost of goods sold is $585,000, depreciation expense
Set up T-accounts for each of the accounts used in part a and post the journal entries to those T-accounts. Income statement for the month of December.
How might computing the cost driver rate by using the planned level of the cost driver lead to a death spiral? Please explain in 4-5 sentences.
Common equity and is in the 40% marginal tax rate. If Enzo's before-tax cost of debt is 8% and cost of common stock is 18%, what is the firm's WACC?
Calculate common-size financial statements and financial ratios we covered in Session 5 for Coca-Cola over the period 2011-2013.
Vargas has chosen to accrue the liability for compensated absences at the current rates of pay in effect when the compensated time is earned. What is the amount of the accrued liability for compensated absences that should be reported at December 31..
If the firm is in the 34% tax bracket, how many shares of stock will be repurchased?
W. W. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for $400 each. Phillips had 500 recliners in finished goods inventory at the beginning of the year. At the end of the year, there were 700 recliners in fini..
Alopecia Hair Tonic Corporation is considering an investment project that is expected to generate net cash inflows of $65,000 per year for 4 years. The only initial investment funds required will be a $150,000 increase in working capital. The net pre..
Discuss the difference between the allowance method for uncollectible accounts and the direct write-off method. Also discuss the cost of accepting credit cards.
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