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Firm Y expects a total cash need of $14,500 over the next 4 months. They have a beginning cash balance of $2,500, and cash is replenished when it hits zero. The fixed cost of selling securities to replenish cash balances is $3.50. The internet rate on marketable securities is 8% per annum. There is a constant rate of cash disbursement and no cash receipts during the month. Based on the firms current practice, what is the average daily cash balance (a month has 30 days)?
Year-to-date revenues are $702,498 and year-to-date expenses are $618,207. What is the total value of Sam’s permanent equity accounts as of June 30th?
Complete the answer sheet above by placing an ""X"" under each heading that identifies the cost involved. The ""Xs"" can be placed under more than one heading for a single cost
In Saint-Simon, Inc., the Assembly Department started 12,000 units and completed 14,000 units. If beginning work in process was 6,000 units, how many units are in ending work in process?
Allocating joint costs and costs of byproducts allows managers to examine cost and profitability associated with each of the products they produce enabling them to establish goals related to product-mix. Your discussion topic this week focuses on joi..
question 1big sports company has been using the fifo technique for the past three years. this period the company has
Net sales for the period was $45,000 and cost of sales was $28,000. Compute the gross profit percentage for the current year. What does this ratio measure?
Describe the structure of GAAP prior to the codification, and after the codification. What are the pros and cons related to the change?
You have been asked by the owners to look into these issues and provide the appropriate accounting treatment for patents - You have been hired as a consultant for XYZ Research Co. XYZ Research Co. incorporated in 2010.
Entries for issuing and calling bonds - The fiscal year of the company is the calendar year. Journalize the entries to record the selected transactions
calculation of average waiting time and expected monthly margin.trikes unlimited makes small motorcycles. the monthly
Briefly describe Metaphors credit card policy
thelma owns a number of real estate. basis of 120000 and fair market value 65000 that she would like to sell to her son
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