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ABC limited which operates a supermarket received compensation from DEF Insurance for the loss of canned products destroyed by an accident in its warehouse. For ABC Limited the compensation is:
Briefly describe when petty cash fund should be replenished. Because there is cash on hand, is there a need to replenish the fund at year end on December 31? Explain.
Danielson Company reported the following stockholder's equity section of the balance sheet on 1/1/15 (assume all common stock was issued on the same time):Common Stock, $3 par value, 16,000 shares issued and outstandingmce_markernbsp; 48,000
Indigo Corporation had doubt on the recoverability. Determine the carrying value of the equipment after any loss on impairment has been recognized.
What nominal annual interest rate is debtor 2 incurring for the benefit of delaying payment? FINCORP has two debtors who each make a $10, 000
Columbia healthcare service is a nonprofit organization. They have revenues of 22 million in 2014. In addition, they had personnel cost of 15.6 million, supplies of 1.4 million and depreciation of 1.2 million. All but 3 million of their revenue was r..
Loyal Enterprises has sales revenue of $125,000 for 2014. Its product sells for $10 and has a 25% contribution margin. Fixed costs are $26,000. What is Loyal Enterprises operating income for 2014?
At what price can these securities be purchased on the market? A major auto parts manufacturer has experienced a market re-evaluation lately.
A bank customer is granted credit for a $2,000 loan at 10% to be repaid in 12. Calculate the annual percentage rate (APR) if the loan quoted has an add-on rate.
If market interest rates had decreased 100 basis points by the end of year 1, would the market value of equity be higher or lower
What lump sum settlement, if paid today, would have the same present value as the $5,900 monthly annuity? Assume a 4.5 percent discount rate.
You are the assistant accountant and it is your role to prepare the BAS for the business. You are not an authorised person to lodge the BAS.
If the market price of Micro-Tech falls to $15, how much must Mr. Jones deposit in his brokerage account to maintain the minimum margin requirement?
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