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Accounting/Business Law Class
Walters, a grower of Christmas trees, contracted to supply Traynor with “top-quality trees.” When the shipment arrived and was inspected, Traynor discovered that some of the trees were not top quality. Within 24 hours, Traynor notified Walters that he was rejecting the trees that were not top quality. Walters did not have a place of business or an agent in the town where Traynor was. Christmas was only a short time away. The trees were perishable and would decline in value to zero by Christmas Eve. Walters did not give Traynor any instructions, so Traynor sold the trees for Walters's account. Traynor then tried to recover from Walters the expenses he incurred in caring for and selling the trees. Did the buyer act properly in rejecting the trees and reselling them for the seller?
decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Compute the new cash provided (used) in operating activities using the indirect method
At the end of the current year, the following information is available for both pulaski company and scott company. Compute the debt to equity ratios for both companies
Kareem bought a rental house in March 2010 for $300,000, of which $50,000 is allocated to the land and $250,000 to the building. Early in 2012, he had a tennis court built in the backyard at a cost of $7,500. What is the adjusted basis of the rental ..
Illustrate what is the total dividend that will be paid for Preferred stock? If the Preferred stock listing stated $3 instead of 3% would that change the total dividend amount? Why?
What was the average issue price per share of preferred stock and How many shares of common stock are outstanding?
If company expects next year's total sales could increase 12%, they want to know ho this change affects their profit. Calculate DOL and then next year's net income in dollar.
Use the following information to determine the economic order quantity for Albert Company.
Describe the ethical issue and describe why a management accountant would play a role in this "overproducing" issue - Discuss your personal opinion on whether you think this is an important issue, and explain why.
Phan Mai is a single taxpayer with two dependent children under 17. Phan estimates her wages for the year will be $36,000 and her itemized deductions will be $11,000. Assuming Pha files as head of household. What is the number of withholding allowanc..
Determine and journalize the foreign exchange adjustments for 2005, 2006 and 2007 for the Canadian subsidiary.
Ratio analysis from given income statement - What are Lucrative's Net Profit Margin for the year ending December 31, 2005 and what are Lucrative 's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year ending Decembe..
Events related to the acquisition, use and deposal of a tangible plant asset: straight-line depreciation Sam’s Subs purchased a delivery van on January 1,2013 for $35,000. In addition, Sam’s paid sales tax and title fees of $1500 for the van. The van..
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