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Question - Yoda sells $80,000 accounts receivable with recourse. He pays a commission equal to 10 percent of the Gross accounts receivable and estimates the recourse obligation to have a fair value of 3,000. Yoda initially receives cash of $60,000 at the date of the sale. What total expense/loss on sale of receivables does he recognize on the date of sale? Enter a positive number for a debit and a negative number for a credit.
Comparing the ratios for the company with the industry averages. Identify any areas in which you think they could make improvements
Sinclair Company manufactures a line of lightweight running shoes. CEO Andrew Sinclair estimated that the company would incur $3,198,890 in manufacturing overhead during the coming year. Using direct labor hours as the application base was manufactur..
Which of the following persons do not pass both the age and relationship tests for a qualifying child. A dependent’s only income for 2014 is $6000 of taxable wages $840 of taxable interest on a savings account the dependent’s 2014 taxable income is $..
What makes a cost "relevant" to a particular decision? What criteria should a company use when it is deciding whether to continue to make a product internally or to buy it externally? How should an organization decide whether to accept a Special Orde..
A customer is injured using a company's product. The potential liability that may result is called a(n)? definitely determinable liability.
On 1 July 2019, Calculate any non-controlling interest and write it in the space provided below. Show all intragroup entries and full workings.
calculation of gross margin in absorption and marginal costing.gregson enterprises in its 1stnbspyear of operations
Using a tax rate of 34 %, evaluate the minimum price the owner of the division should consider for its sale and Find the maximum price the acquirer should be willing to pay?
Do people really understand diversification/ What happens to the riskiness of a portto-ho as the number of stocks in it is increased? Why does it happen?
JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,350,000. JRE2 recognizes revenue upon contract completion.
On January 1, 2015, the first day of its fiscal year, the city of Carter received notification that a federal grant in the a month of $650,000 was approved. Teh grant was restricted for the payment of wages for teenagers for summer employment. The te..
The firm does not expect to pay taxes for the foreseeable future. The cost of equity is 15.3 percent. What is the firm's cost of capital?
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