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Net World Inc sold 4800 annual subscriptions of Net World for $45 during December 2003. These new subscribers will receive monthly issues, beginning in January 2004. in addition, the business had taxable income of $160,000 during the first calendar quarter of 2004. The federal tax rate is 35% a quarterly tax payment will be made on april 7,2004.Prepare the current liabilities section on the balance sheet for net world magazine inc on march 31, 2004.
A firm has annual credit sales of £5,000,000 and an average collection period of 52 days. What is its average debtors balance, assuming a 365 day year.
company makes two models of childrens playhouses the castle and the mansion.basic production information
accounts receivable arising from sales to customers amounted to 45000 and 50000 at the beginning and end of the year
Williams Inc reports total net income of $130,000 during 2012. This includes $10,000 of income from 5.5% Orange County municipal bonds. Thus the Corporation's taxable income is equal to $120,000.
As the accountant for Runson Moving Company, you are preparing the company's annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A on pages 5-36 to 5-38.
what information does the cash flow statement provide that you cannot see in the other financial statements income
wanting to finalize a sale before year-end on december 29 wr outfitters sold to bob a warehouse and the land for
At the end of the year, actual direct labor-hours for the year were 17,400 hours, manufacturing overhead for the year was overapplied by $13,850, and the actualmanufacturing overhead was $294,130. The predetermined overhead rate for the year must ..
Compute the amount of profit the company will have for a month in which the company sells 275 lawnmowers.
Record each of the following transactions in Gagon's general journal-1. Issued capital stock for $75,000 cash. 2. Borrowed $35,000 from a bank. Signed a note to secure the debt.
Shamrock Company had net income of $30,000. On January 1, the number of shares of common stock outstanding was 8,000. The company declared a $2,700 dividend on its noncumulative, nonparticipating preferred stock.
aug 31?submit and record your bill for the accounting services for the month to set up the records for jens tennis
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