Reference no: EM131264896
How many inventory items at Roger Company have a market value that exceeds $10,000? What is the total market value of those items? How many inventory items at Roger Company have a value-at-cost in excess of $10,000? What is the total value-at-cost of those items?
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Prepare journal entries for the initial transaction
: Newman Acrobats lent $24,005 to Donaldson, Inc., accepting Donaldson’s 2-year, $28,000, zero-interest-bearing note. The implied interest rate is 8%. Prepare Newman’s journal entries for the initial transaction, recognition of interest each year, and ..
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Prepare the journal entries for both vaughn and bramble
: On October 1, 2017, Vaughn, Inc. assigns $1,197,900 of its accounts receivable to Bramble National Bank as collateral for a $747,700 note. The bank assesses a finance charge of 4% of the receivables assigned and interest on the note of 9%. Prepare th..
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Actual and expected return on plan assets
: On January 1, 20X2, Jeff Co.’s defined benefit pension plan had plan assets with a fair value of $750,000, and a projected plan obligation of $875,000. Actual and expected return on plan assets. Assume that pension expense is $80,000, what will be th..
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Injury caused to customer allegedly as result of product use
: Lawsuit for $2,000,000 for an injury caused to a customer allegedly as a result of product use. The suit was filed in March of 2012. The Marshall corporate lawyer feels that it is probable Marshall will not win the suit and currently estimates a judg..
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What is the total value-at-cost of those items
: How many inventory items at Roger Company have a market value that exceeds $10,000? What is the total market value of those items? How many inventory items at Roger Company have a value-at-cost in excess of $10,000? What is the total value-at-cost of..
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Customer profitability analysis
: Customer Profitability Analysis Hystandard Services, Inc. provides residential painting services for three home building companies, Alpine, Blue Ridge, and Pineola, and it uses a job costing system for determining the costs for completing each job. T..
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Present value and break-even interest
: Consider a firm with a contract to sell an asset for $135,000 three years from now. The asset costs $89,000 to produce today. Given a relevant discount rate on this asset of 13 percent per year, will the firm make a profit on this asset?
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What point should the revenue from gift cards be recognized
: There are many situations in business where it is difficult to determine the proper period in which to record revenue. Suppose that after graduation with a degree in finance, you take a job as a manager at a consumer electronics store called Impact E..
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What will be the projected benefit obligation
: On January 1, 20X2, Paul Co.’s defined benefit pension plan had plan assets with a fair value of $750,000, and a projected plan obligation of $875,000. Assume that pension expense is $80,000, what will be the projected benefit obligation at December ..
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