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Problem 1: Ahmed started a business on 1st January 2012 selling printers. He bought 30 printers at a cost of $45 each at the beginning of his accounting year, On May 1st 2012 he bought a further 30 printers, at a cost of $75. At the accounting year end on 31st December 2012, Ahmed had 15 printers in inventory. He sold the others during the year for $70 each. The cost of sales under average cost method will be:
Select one:
a $2,700
b. $3,150
c. $2,025
d $2,175
What were M&M's sales revenues last year? What were M&M's sales revenues last year? Last year M&M Corporation reported its net income as $920,000.
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Assume instead that Rogala uses the aging of accounts receivable method and estimates that $82 of its Accounts Receivable will be uncollectible
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$400,000 during the current fiscal year properly chargeable to the grant, how much should be reported as revenues in the current fiscal year? Explain.
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The accumulated sum of R12 000 invested at a continuous rate of 16,5% per annum, for a period of five years is? R14 748,73./ R36 049,99.
Which statement is true about activity-based costing (ABC)?
How does a company know to record the journal entries for a bad debt recovery? The company records a recovery once they identify a specific account
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