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Purpose the journal entries to account for the lease transaction in the books of the lessor, Machine Guarantee Limited. Purpose the journal entries to account for the lease transaction in the books of the lessee, Simons Limited.
For each ratio listed, explain what it tells about the financial health of a company (while it is acceptable to include the ratios' formula, this is not where your answers could be focused).
For the analysis of financial position, compute McDonough Products' (a) Current ratio and (b) Debt ratio. Compare these ratios with the industry averages. Is McDonough Products' financial position better or worse than the average for the industry?
Finding the equivalent units for materials and conversion - Verify the accountant's ending work in process inventory figure (£8,200) given in the report
Show entries to record the selected transactions described Issued $3,250,000 of 10-year, 8% bonds at 97.
If company is optimistic about its China venture, and anticipates continued investment and growth, are restrictions on capital outflows from China a problem? Particularly if the source of funds are from China?
Calculate the dollar amount of variable and fixed cost that should have been allocated to each of operating departments at the starting of last year for planning purposes.
Purpose summary journal entries related to the (1) sales, (2) sales returns, (3) collections of accounts receivable, and (4) write-offs of accounts receivable for the year ended September 30, 2009.
Journal entries for Company purchased a special-purpose duplicating machine by issuing a five-year zero-interest bearing note.
The machinery has an expected life of 10 years. Lu Limited has an incremental borrowing rate of 10%. Lu has been told that the interest rate implicit in Lease 1 is 8%. D raw an entry to record exercise of the bargain purchase option.
What is the cash break-even level of output for this project
Determine over or under applied overhead from the facts - Bowater's amount of overapplied or underapplied overhead would be (round the rate to two decimal places)
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