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A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, and 30% the following month. Projected sales for January, February, and March are $75,000, $92,000 and $60,000, respectively. The March expected cash receipts from all current and prior credit sales are $80,500
record the following transactions both budgetary and actual entries in the general ledger of a cpf of santiago county.
Show Journal entries and necessary accounts. Also show how the items will appear in Profit and Loss account and Balance sheet.
What would be the transfer price if the company uses a policy of setting the transfer price at variable cost plus a 20% markup?
For 2007 Mossland Corporation reported gross profit $100,000; net income of $24,000; sales $500,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2007 profit margin?
contemplating awarding a contract to the azusa manufacturing company for the assembly of wiring harnesses. included in
Many states have prevailing wage laws that require government contracts pay premium wages to workers who would otherwise work for 20% to 30% less. What is the rationale for such laws? In your opinion, what is their effectiveness?
Prepare the journal entries to record the above stock transactions.
Liabilities incurred, such as for accrued payroll, but still unpaid at year-end, should be recorded in the General Fund by a debit to which of the following accounts?
Jane decided to resign from her current job, at which she earned $58,000 each year. She started her own business by using her $100,000 savings on which she was earning 5 % interest. In first year, her revenue was $150,000 and her costs were as fol..
Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for $562,613.This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Hrabik uses the effective-inter..
lebeau company recently purchased some property for 2500000. it was a large parcel of land with an old building on it.
a company has a margin of safety of 25 a contribution marginratio of 30 and sales of 1000000.a what is the break even
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