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Could you please research and explain if a change from straight line depreciation to double declined balance requires a journal entry? If that is the case, provide the journal entry. Be specific in providing your explanation.
What is the Net Working Capital for 2013? What is it for 2012? What is the Change in Net Working Capital (NWC)? Why is an understanding of cash flow so important in the study of finance?
The chief financial officer of the company believes a more realistic scenario would be a $1,000,000 increase in sales, requiring a $250,000 increase in average operating assets, with a resulting $200,000 increase in net operating income. What wou..
If the Distillation Department’s ending inventory on December 31 is comprised of 10,000 equivalent units of direct materials and 2,000 equivalent units of conversion, how many units were started and completed by the department during December?
Elemarketers receive $15 commission on all new customers they sign up for phone service through Birch Phones. Each telemarketer works 40 hours. Because these employees are paid solely on commission, the employer must ensure that they earn the federal..
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): What is the contribution margin per unit? What is the contribution margin ..
You should assume that the company that is a reporting entity and that the date the annual report (including the financial report) is authorised for issue is the 1st September 2014.
What will be the amount of each annual year-end lease payment and what amount will Lindon capitalize as an asset on its balance sheet for the processors and for the lease obligation?
Fatima inherits a rental property with a fair market value of $90,000 from her aunt on April 30. On May 15, the executor of the estate sends her a check for $7,000. A letter accompanying the check states that the $7,000 comes from the rent received o..
Acme purchased a property that included both land and a building for $200,000. Acme hired an appraiser who determined that the market value of the land was $140,000 and the market value of the building was $50,000. At what amount should Acme record t..
accounting for bond related transaction through journal entries.entries for conversion amortization and interest of
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?
Depreciation over specified number of year with no salvage value expected 5 years 6 years . Calculate payback period for both projects.
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