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Questions -
Q1-Takoradi Tools had total assets of $20,900 at the end of 2016, $21,800 at the end of 2017, and $23,900 at the end of 2018. What was the growth rate of total assets during 2017?
Q2-In 2018, Tirana Trucks had a return on equity of 50.0%, and a financial leverage multiplier of 2.5. What was the return on assets?
Describe the advantages and disadvantages of conducting a business in the form of a sole proprietorship.
Prepare the cost of merchandise sold section of the income statement for the year ended April 30, 2006, using the periodic inventory method.
Software saves its owner $15,000 from the second year. Make analysis for years till the system net value becomes positive. Assume a present value discount
What is a contra account? How do revenue contra accounts, specifically, differ from expense accounts? Typed responses will not be accepted.
These units were 50% complete with respect to materials. Use this information to determine the equivalent units for direct materials
Ford Motor Company $1,000 and they promised to pay you income of 5% each year and give you your $1,000 back in November 2038, you'd have purchased
Identify the names of which accounts are affected, how they are affected (increase or decrease), and the element of the financial statement
Prepare the journal entry to record amortization expense for the first year. Show how this patent is reported on the balance sheet at the end of the first year.
What should be the balance in the deferred contribution account at the end of the year, if the organization uses the deferred contribution method of reporting?
Assume that the maintenance services are priced separately. Identify the separate performance obligations related to the Appliance Store revenue arrangement.
What amount should be used as the initial cash flow for this project? DAYTONA INC purchased a BUILDING ten years ago at a cost of $790,000.
Why is one product line preferred over the other, even though they both have the same total net cash flows through eight periods?
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