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Ahlers Clocks is a retailer of wall, mantle, and grandfather clocks and is located in the Empire Mall in Sioux Falls, South Dakota. Assume that a grandfather clock was sold for $ 10,000 cash plus 4 percent sales tax. The clock had originally cost Ahlers $ 6,000. Show the accounting equation effects and prepare the journal entries related to this transaction. Assume Ahlers uses a perpetual inventory system, as explained in Chapter 6.
Its sales for the year were $32,000,000. Its EBIT for 20XX was $1,500,000, and its accumulated depreciation on fixed assets was $4,000,000. What was its fixed assets turnover ratio.
foggy mountain company manufactures several styles of banjos. management estimates that during the second quarter of
You have been hired as a consultant for XYZ Research Co. XYZ Research Co. incorporated in 2010. XYZ 's business centers on developing new technology for interplanetary exploration.
consider the following information prepared based on a capacity of 100000 unitscategorycost per unitvariable
company a makes carpets. a customer wants to place a special order for 1000 carpets in navy blue with the company logo
why is the budget a far more important document for both government and not-for- profits than for
Pete Corporation produces bags of peanuts. Its fixed cost is $17,280. Each bag sells for $2.99 with a unit cost of $1.55. What is Pete's breakeven point?
identifying and correcting internal control suppose a car dealership is opening a regional office in texas. linda
Prepare an income statement, statement of changes instockholders' equity, balance sheet, and statement of cashflows
What is the profitability of the remaining services if all services with losses are dropped? Explain fully with spreadsheet illustration and text discussion.
The cost behavior pattern has been identified as fixed at a certain volume of activity
in august of 2011 david acquires and places in to service business equipment costing 550000. the equipment is
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