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The trial balance of Revere Finest Foods on December 31 shows Merchandise Inventory $25,000; Sales $162,400; Sales Returns and Allowances $4,800; Sales Discounts $3,600; Cost of Goods Sold $110,000; Rental Revenue $6,000; Freight-out $1,800; Rent Expense $8,800; and Salaries and Wages Expense $22,000. Prepare the closing entries for the above accounts.
The ledger of Salizer Company at the end of current year shows Accounts Receivable 110,000 , Sales 840,000, and sales Returns and Allowances 40,000.
What is the present value of these cash flows?
Katz is an all equity development company that has 36,000 shares of stock outstanding at a market price of $25 a share. The firm's earnings before interest and taxes are $29,000.
If the firm had made a purchase of $100,000 for which it had been given terms of 2/10 net 30, would it increase the firm's profitability to give up the discount and not borrow as recommended in part b? Why or why not?
Cumberland Furniture wants to establish a prearranged borrowing contract with a local commercial bank. The bank's terms for a line of credit are 3.30 percent over the prime rate, & each year the borrowing must be decreased to zero for a 30-day period..
Compute the cost of goods manufactured and cost of goods sold for Strike Marine Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials.
When interest rates increase, what happens to the cash flows of the firm and what type of swap position would hedge the firm from interest rate risk?
1. Does this company carry long-term debt on their balance sheet? 2. What is the company's debt-to-equity ratio, and debt ratio?
what are the two principal reasons for holding cash? can a firm estimate its target cash balance by summing the cash
the management accountant at melrose inc. provided the following estimated costs for producing 5000 units of a
What is the cost of common stock for Whitewall?
The firm uses the CAPM to determine its cost of equity. The risk-free rate is 5.5%, the market risk premium is 5%, and the company's tax rate is 40%. What is the beta on Bradshaw's stock?
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