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Problem
Ajax Ltd, in 2012, reported an amount of $45m in Accounts Receivable, which was up from $39m in the previous year. Inventories were also up on the previous year, being $25m in 2012 as compared with $21m in 2011. This investment in working capital was partly funded by an increase in Accounts Payable, which was $26m in 2012, as compared with $25m in 2011.
Calculate the increase in Net Working Capital in 2012.
Midwest Enterprises made the following entry on December 31, 2012. Interest Expense 10,000 Interest Payable 10,000 (To record interest expense due on loan from Anaheim National Bank.)
talboe company makes wheels which it uses in the production of childrens wagons. talboes costs to produce 150000 wheels
Internal Control Questionnaire for Book Buy-Back Cash Fund. Taylor, a CPA, has been engaged to audit the financial statements of University Books, Incorporated.
Calculate the depreciation for each year using the straight line method and the double declining balance method
Appollo Corporation reported the following accounts and balances in its financial statements.
Bass Company last year purchased some machinery for $4,400,000. Perform the impairment test and record any necessary write down
Santos Company currently manufactures one of its crucial parts at a cost of $3.40 per unit. This cost is based on a normal production rate of 50,000 units.
Create a balanced scorecard for your chosen company. Link your scorecard measures using the framework from the exhibits in your text.
Pino Publishing identified the following overhead activities, Compute the overhead cost per book for DELUXE (only) under this ABC costing system
What is the amount of the payments that Tom Brokaw must make at the end of each of 8 years to accumulate a fund of $70,000 by the end of the eighth year, if the fund earns 8% interest, compounded annually?
manual company sells goods to nolan company during 2014. it offers nolan the following rebates based on total sales to
For 2011, calculate the nonvalue-added usage and costs for materials usage and sustaining engineering.
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