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Problem 1: Which of these defines the net working capital of a business?
a. Trade debtors less trade creditors
b. Cash balances less bank overdraft
c. Gross cost of fixed asset less depreciation
d. Current assets less current liabilities
Problem 2: What will the contribution margin per unit when Total Cost is $350,000 of which 75% is variable; Total Sales for was $550,000. They sold 25000 units.
a. 11.50
b. $200,000
c. $262,500
d. $8.00
Prepare the journal entry to record payment of interest on July 1, 2015. Prepare the adjusting entry to record the accrual of interest on December 31, 2015.
How could a company "cook the books", or falsify its accounting records by not making necessary adjusting entries? Explain in detail.
Cost Allocation and Apparent Profitability. Diamonds, Etc. manufactures jewelry settings and sells them to retail stores. In the past, most settings were made by hand, and the overhead allocation rate in the prior year was $12 per labor hour ($2,400,..
Applications for 10,000 shares were rejected and the application money was refunded. Prepare journal entries to record the above transactions
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On the first dy of its fiscal year, Pedro Dynamite Co. issued $11,000,000 of the five-year, 9% bonds, semiannually. The bonds were issued at an effective rate of 12%, and received proceeds cash of $9,785,645. What is the amortization of discount at t..
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Determine What is the cost of the ending inventory on the basis of each of the methods of inventory valuation if you use the periodic inventory
Which a lease payment can be thought of as? an ordinary annuity where payments start in one year./ an annuity due where payments start immediately
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