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Questions -
Q1. Dingly Inc. paid interest of $20 this year. It has a beginning and ending total debt balances of $340 and $360. The beginning long-term debt is $180 and ending long-term debt is $210. What is the amount of the cash flow to creditors?
Q2. Based on the following information, calculate stockholders' equity: cash = $30; total current liabilities = $80; accounts receivable = $30; inventory = $90; net fixed assets = $220; accounts payable = $20; long term debt = $50.
Q3. Your best friend Pasquale just purchased a used car. He has entered into a five year agreement where he will pay $5,000 at the end of each year. If the discount rate is 6%, how much did Pasquale pay for the car?
Q4. Mylex has current assets of $95, net fixed assets of $250, long-term debt of $45, and owners' equity of $200, what is the value of current liabilities if that is the only other item on the statement of financial position?
A company has revenues of P500,000, variable costs of P300,000, and pre-tax profit of P150,000. What would be the new breakeven point in pesos
Create journal entries to record the acquisition by Swan River Ltd, assuming that The cost of acquisition was $144,000 and $200,000 cash.
Suppose you are an employment specialist .would you expect to have a large or small selection ratio for each of the following job openings?
Determine the number of units required to be sold to achieve $60,000 of operating profit is? Burger Bob's Boathouse sells only one product.
The terms of the note were $12,000 face value and 7% interest. On October 30, make the journal entry to record the collection of the note
On March 3, Kitselman Appliances sells $781,500 of its receivables to Ervay Factors Inc. Ervay Factors assesses a finance charge of 1% of the amount
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow)
Calculate the adjustment for the change in Accounts Receivable on the Indirect Method Operating Section. Calculate the Net Cash Provided by Operating Activities
If the materials price variance is $613 F and the materials quantity and labour variances are each $455 U, what is the total materials variance?
Compute the variances for Cajun, materials price variance, materials quantity variance, Labor efficiency or labor rate variance.
What were the three most challenging concepts presented? What do you think were the three most interesting managerial accounting concepts we covered over the past 5 weeks?
Summary information from the financial statements of two companies competing in the same industry follows.
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