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Erma, a merchant, receives a brochure from Ammco regarding some merchandise that is sold in Erma’s business. Erma then sends in a purchase order ordering 25 units of merchandise (which exceeds $500.00 in value). Ammco upon receipt of the order, sends a letter of confirmation containing additional information which states that the price did not include shipping and insurance costs and that the shipping costs and insurance would be added on to the total contract price. Furthermore, Ammo delegates the obligation of shipping the merchandise to Ecco. While the goods were in transit, the truck was hijacked and all the merchandise, including Erma’s order. Under the Uniform Commercial Code are there Party issues? Proof issues? Performance issues? Breach and Discharge issues? What are the available remedies?
question dan turned age 65 and retired this year. he owned and operated a tugboat in the local harbor before his
Elimination journal entries for consolidation at that date and calculation of non-controlling interest balance and consolidation worksheet
The inventory methods that result in the most current costs in the income statement and balance sheet and In a period of rising prices, the inventory method that results in the lowest income tax payment
Prepare a statement of cash flows using the indirect method. Compute these cash-basis measures: (1) Current cash debt coverage ratio. (2) Cash debt coverage ratio. (3) Free cash flow.
What is the difference between volume-based cost drivers and activity-based cost drivers? Why do activity-based cost drivers provide more accurate allocations of overhead in an automated manufacturing environment? Briefly describe the activity-ba..
the charter for kcas-tv inc. authorizes the company to issue 100000 shares of 4 no-par preferred stock and 500000
On January 31, 2011, we elected to change our costing method for the material component of raw materials, work in process, and finished goods inventory to the lower of cost or market using the first-in first-out (“FIFO”) method, from the lower of cos..
Compute the amount that should be reported for the ending inventory using the LCM rule applied to each item.How will the write-down of inventory to lower of cost or market affect the company's expenses reported for the year ended December 31
Brook Company issued a $10,000, 5-year, 11% bond that was sold when the market interest rates were 12%. The bond pays interest semiannually
The following facts pertain to a non cancelable lease agreement between L Leasing Company and G Company, a lessee. Discuss the nature of this lease to G Company. Discuss the nature of this lease to L Company. Prepare the journal entries on the lessee..
case-1refer to and use the following abbreviations for the problems below r royalty payment ct artist credit total sv
Which of the following best describes the difference between financial and managerial accounting? For which of the following would the job order cost system be appropriate? For which of the following businesses would the process cost system be most a..
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