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Penno Corporation recorded service revenues of $200,000 in 2017, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2017, Penno collected $20,000 cash on those receivables before year-end 2017. The company also paid $25,000 cash for 2017 wages. Its employees also earned another $15,000 in wages for 2017, which were not yet paid at year-end 2017. What is the cash flow and the net income
The Discount amounts in cells D4, D5, D6 and D7 are computed using the IF function. The discount amount in column D should equal the Discount % from the assumptions area multiplied by the Sales figure from the column B if the corresponding Sales in c..
The STC Supply manufactures memory cards that sell to wholesalers for $4.00 each. Variable and fixed costs are as follows: Variable Costs per card: Fixed Costs per Month: Manufacturing Direct materials $0.60 Direct labor 0.50 Factory overhead 0.50 $1..
Using the high-low method, estimate - The variable cost per occupied bed on a daily basis and the total fixed operating costs per month.
A 1- year, 6%, $30,000 promissory note was signed at the Citizens National Bank. Interest and principal will be repaid on the maturity date of Feb 1, 2014 _This is for the month of Feb 2013 -Im trying to figure out the amount. Cash: ? Note..
Shauna Washington started a business to sell art supplies and related curricula to home school families. The business grew quickly, with sales doubling three time during a five year-period. At that point, she sold the business because it had grown to..
How does vaccine distribution relate to key operations and supply chain management questions including: quality management, new product development and forecasting?
You are the financial officer for Music Plus, a retailer that sells goods for home entertainment needs. The business owner, Vic Velakturi, recently reviewed the annual financial statements you prepared and sent you an e-mail stating that he thinks yo..
Horrible Inc. issues 10,000, $100 face value, 8% debt with detachable warrants that permit the holder to purchase one share of stock for $18 per share. The bonds were issued at 102. Immediately after issue the bonds were selling for 98 without the wa..
Using the expected value approach, determine the safety stock level.
The accounts of Garfield Company with increases or decreases that occurred during the past year are as follows: Except for net income, an investment of $3000 by the owner, and a dividend paid of $11000, no other items affected the stockholder's equit..
Using value-chain analysis, a firm can develop a competitive advantage by specifically looking for ways to:
You are to enter up the Purchases Day Book and the Returns Outwards Day Book from the following details, then to post the items to the relevant accounts in the Purchases Ledger and to show the transfers to the General Ledger at the end of the mont..
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