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A newly created design business called Smart Art is just finishing up its first year of operations. During the year there were credit sales of 40,000 and collections of 36,000. One account for $650 was written off. Smart Art uses the percent-of-sales method to account for uncollectible account expense, and has decided to use a factor of 2% for their year-end adjustment of uncollectible account expense. At the end of the year what is the ending balance in Accounts recievable?
which of the following are characteristics of an effective manual accounting system but not characteristics of an
norwest shoe company has two retail stores one in albertville and the other in bloomer. the albertville store had sales
runyan bakery paid 324 million for 10 million shares of lavery labeling company common stock. the invesment represnets
shown below are selected data from the balance sheet of compros a small electronics store cash 75 accounts receivable
physician reference service prs provides services to physicians including research assistance diagnosis coding and
Compute the amount of under-applied or over-applied manufacturing overhead. Clearly indicate whether the overheadis under-applied or over-applied.
the american institute of certified public accountants aicpa and the institute of internal auditors iia have positioned
One idea that the consultant had was to reduce prices to bring in more customers. If average prices were reduced ten percent (10%), and the number of sales tickets (unit sales) increased to 7,500, would the company's income be increased? With prices ..
the stock of company xyz is currently price at 80 per share. its earnings this year t0 are 4.00 per share. it has paid
bascomb company purchased 420000 in merchandise on account during the month of april and merchandise costing 350000 was
What amount of current assets would appear on the balance sheet? What amount of currentliabilities would appear on the balance sheet?
use the information in brief exercise 25.2 to compute the roi for the pennsylvania factory using total assets and
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