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Boy Macho Farming Co. also grows wheat and sometimes enters into contracts for future sales of the wheat. Problem 1: While the wheat is still growing, Boy macho farming co. enters into a contract for the future sale of 120 tons of wheat at 480 bucks per ton. Before the year-end, it harvests 100 tons of wheat at a time when the fair value less costs to sell of the wheat 500 bucks per ton. What is the value that must be used for the preparation of the financial statements?
the corporation quickly acquired 36000 in inventory 40 of which was acquired on open accounts that were payable after
A demand loan of $7000.00 is repaid by payments of $3000.00 after two years, $3000.00 after four years, What is the size of the final payment
Describe the necessity of a realistic budget as a guideline to effective financial management. Explain why strategic planning is a necessary
george corporation has an estimated monthly sales of 6000 units for 40 per unit. variable costs include manufacturing
Identify stakeholders and the impact of the proposed change on each of the stakeholders (comment letters may provide good insight).
sue electronics makes cd players in three processes assembly programming and packaging. direct materials are added at
List the numbers of the preceding transactions and describe the effect of each transaction on assets, liabilities, and stockholders' equity. For example, the first answer is: (1) Increase in assets and increase in stockholders' equity.
the simplex financial system is characterized by a required reserves ratio of 11 percent initial excess reserves are 1
From the e-Activity, predict the effects that changes in one industry could have on modifying and updating a system of the business. Include any trickle-down effects that the changes would have on the business as well.
What amount should be included as an impairment loss in the statement of comprehensive income for the year ended December 31, 2018?
The note is a six-month term and both principal and interest are payable at maturity. What is the balance of loan interest payable of December 31, 2018?
The first payment was made on December 31, 2001. The normal sales price of the equipment is $220,000, and cost is $176,000. For the year ended December 31, 2002, what amount of income should Slice report from the lease transaction?
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