Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are the payables accountant for a medium sized electrical contracting company. You are paying bills with purchase discounts but can't take advantage of them because the cash balance in the checking account is low. You approached your boss with a suggestion that the company borrow money at the bank so you can pay the bills in time to take the discounts. Your boss thinks you are a little crazy to recommend borrowing from the bank (currently charging 6% interest) to take advantage of 1-2% discounts.
Question 1: Write him a memorandum laying out your suggestion and justifying your suggested course of action.
Question 2: Use actual numbers in your memo. For example, if you need to borrow money to pay a $10,000 bill that offers terms of 2/10, n/30 and the loan's interest rate is 6%.
the 2011 balance sheet of the captain jet inc. is attached. during 2012 the following events occurred.1. on january 10
Determine all of appropriate journal entries to record the transactions and any subsequent adjusting entries (for example, depreciation expense on 12/31/2016).
Restrictions of retained earnings may result from each of the following except: Tina Corporation issued 4,000 shares of $10 par value common stock in exchange for a truck. The truck had a fair market value of $65,000. The entry to record this transac..
Explain why the accounting treatment is different in the General Fund and governmental activities general journals.
Elliot Corp failed to record accrued salaries for 2013, of $2,000, for 2014 of $2,100 and for 2015 of $3,900. What is the amount of the overstatement and understatement of Retained earnings at December 31, 2016? Management has decided to switch from ..
All other balance sheet accounts were unchanged over the year. What was the company's Cash Flow from Operating Activities?
Elaborate Money Market Securities, Capital Market Securities, and Derivative Securities in detail and what are the examples so that may better.
Based on this information, Determine how much of the rental cost should be allocated to the products made in January and to those made in February?
You purchased 500 shares of stock at a price of $51.36 per share. Over last year, you have received total dividend income of $580. What is the dividend yield
What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?
journal entries for sold merchandise inventory on account.1.3142009 sold 700000 merchandise inventory on account.nbsp
Find What are the nominal and effective costs of trade credit under credit terms of 2/10, net 40? Assume a 365-day year. Do not round intermediate calculations.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd