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You and several classmates are studying for the next accounting examination. They ask you to answer the following questions:
1. If cash is borrowed on a $70,000, 9-month, 12% note on August 1, how much interest expense would be incurred by December 31?
2. The cash register total including sales taxes is $42,000, and the sales tax rate is 5%. What is the sales taxes payable?
3. If $42,000 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue is earned by December 31?
carefully select the latest relevant and informative sources touse in your submission
an investor purchased 500 shares of common stock 25 par for 21750. subsequently 100 shares were sold for 40.50 per
Costs associated with the bond issuance were $160,000. Wasserman uses the straight-line method to amortize bond issue costs. Prepare the December 31, 2011, entry to record 2011 bond issue cost amortization.
Oliver City reported capital assets of $ 4,300,000 and accumulated depreciation of $ 2,000,000 in the governmental activities column of its government wide statement of net position for the year ended December 31, 2012.
A courier service in a large city tracks the number of deliveries they are asked to make by 10 clients both before and after offering a progressive discount for repeat business. Their goal is to assess the effects of the discount.
suppose you are a management consultant and a client asks you the advantages and disadvantages of using standard costs
Calculate and compare the financial ratios listed further down this document for the fiscal year ending 2011 and prepare your comments about the two companies' performance based on your ratio calculations.
What steps are needed to solve problems using present value techniques to evaluate alternative investment opportunities?
the true company produces a part with a standard of 5 yds. of material per unit. the standard price of one yard of
I need assistance with the following discussion question. I have attached the document that describes problems at the Columbus air processing center of the United Postal Service. After reading the attached ,please answer the following questions. A..
a company is considering purchasing a machine for 75000. the machine is expected to generate after tax income of 11250
The shelves originally cost $ 6,400 and had been depreciated on a straight- line basis over an estimated useful life of 10 years with an estimated residual value of $ 400. Assuming that depreciation has been recorded to the date of sale, show the eff..
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