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1.Sarjit Systems sold software to a customer for $90,000. As part of the contract, Sarjit promises to provide free technical support over the following six months. Sarjit sells the same software without technical support for $80,000 and a stand alone six month technical support contract for $20,000, so these products would sell for $100,000 if sold separately. Prepare Sarjit's journal entry to record the sale of the software (ignore any potential entry to revenue or cost of sales).
Poljak Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting: Prepare a report showing the school's revenu..
Which of the following is NOT a profitability ratio?
Purpose the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2009. and Prepare the journal entry by Tanner-UNF to record interest on December 31, 2009, at the effective (market) rate.
What conclusions do you draw from the ratio analysis that you performed? This should be an in-depth discussion that may draw on other resources - Describe the executive management structure. What are the corporate governance processes
analysis of financial statement using horizontal analysis.common-size statement analysisa common-size income statement
Star mart company inc issued $100000 of bonds payable on June 30 2010. The bonds are to be redeemed in five years while paying interest semiannually at the contract rate of 10% each June 30th and December 31st.
What would be effect on the company's overall net operating income of dropping product S85U? Should the product be dropped?
fixed costs are $250,000, the unit selling price is $20, and the unit variable costs are $16, what is the break-even sales (units) if fixed costs are reduced by $40,000?
Show the effect on the following measures: asset turnover, profit margin, ROI, and RI for the present fiscal year.
In 2000, in Country A, the average family net worth was $410,000, and there was about 6.1 x 10^7 families. Calculate the total family net worth Country A in 2000. Country A's total family net worth is what in dollars?
On December 31, 2012, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Abbey Co. agreed to accept a $250,300 zero-interest-bearing note due December 31, 2014, as payment in full. Prepare the jour..
A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation pay is $42,000. Journalize the adjusting entry required on January 31, the end of ..
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