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merchandise business, Accounting Basics
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Posted Date: 12/5/2012 9:59:28 PM | Location : United States
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Hello, Hello, I'm having trouble understanding Direct Cost, Overhead Cost a...
Hello, I'm having trouble understanding Direct Cost, Overhead Cost and Indirect Cost. ***Also Period cost and Product cost. please can anyone explain it and give examples for eac
The bayside company uses the lifo cost flow method, The Bayside Company use...
The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate tax rate is also high this ye
What is the meaning of fica tax, FICA Tax (Social Security) Both the...
FICA Tax (Social Security) Both the employee and the employer contribute equally. OASDI has a Taxable Wage Base that is the maximum amount of earnings during a calendar y
A light truck is purchased on january 1 at a cost of $27, A light truck is ...
A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for t
On january 1, On January 1, 2012, Bartell Company sold its idle plant facil...
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 ca
Adjustments, 2 deprecation on equipment is calculated at 10% per annum on c...
2 deprecation on equipment is calculated at 10% per annum on cost price new equipment for R400 was purchased on 1 December 2012 and has been recorded
Eco-02, define accounting.Briefly explain the accounting concepts which gui...
define accounting.Briefly explain the accounting concepts which guide the accountant at the recording stage.
Inventories and cost of goods sold, Inventory is habitually the largest and...
Inventory is habitually the largest and most important asset owned by a merchandising business. The inventory of some companies similar to car dealerships or jewellery stores may c
Show earned service revenue and received cash, Earned service revenue and r...
Earned service revenue and received cash As its first transaction in July Metro performed deliverance services for customers and received USD 4800 cash. This transaction improv
One of the companies for which you provide accounting, One of the companies...
One of the companies for which you provide accounting services offers office cleaning services and has 8 customers. Cleaning services are provided in the evenings, Sunday throu
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