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On January 1, a company borrowed cash by issuing a $300,000, 5% installment note to be paid in three payments at the end of each year beginning December 31. What would be the amount of each installment? pare the journal entry for the second installment payment.
Assume Davis Consulting Inc has created a standard cost card for each job. Standard direct materials include 14 software packages at a cost of $900 per package. Calculate direct materials cost and efficiency variances. Calculate direct labor cost and..
Rasmussen company sells only one product at a regular price of 30$ per unit. Variable expenses are 75% of sales and fixed expenses are 44000$. Management has decided to decrease the selling price to 25.50$ in hopes of increasing its volume of sales. ..
Calculate return on investment(ROI) for each division using operating income as a measure of income and total assets as a measure of investment.
Identify the major business and financial risks such as interest rate risk, foreign exchange risk, credit, commodity, and operational risks.
You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 30. The first deposit is $2,000 (annuity), and each deposit increases by $100 each Quarter (gradient). The nominal annual interest r..
Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra revenues: compute net sales for the two months ended December 31, 2011.
Analyze the sources of revenue on the selected local government. Your analysis should include information on both governmental and business-type activities of the government.
Calculate common-size financial statements and financial ratios we covered in Session 5 for Coca-Cola over the period 2011-2013.
FN3140: Budget and Capital Decisions. Snip and Chip Inc. sells silk upholstery curtains for $150 each. The project's budgeted unit sales for four months during the current year appear, Prepare the following budgets for the project: Production budg..
Indicate whether each situation would be included in the income statement in continuing operations (CO) or below continuing operation (BC), or if it would appear as an adjustment to retained earnings(RE). Use the format show below to answer requir..
Manda Panda anticipates that 2.5% of all credit sales will ultimately become uncollectible. The fiscal year ends on December 31. Illustrate what is the net realizable value (book value) Manda Panda should report in its 2011 balance sheet?
Journalize the transactions for June in a two-column journal. Post the journal entries to the T accounts, placing the date to the left of each amount to identify the transaction.
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