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A type of short-term loan where the borrower sells its accounts receivables to the lender at a discount to face value is called:
a compensating balance.an assignment.a letter of credit.factoring.a bond.
A change in estimate was made in 2011 to reflect these additional data. What amount should Wolverine record as the balance of the accumulated depreciation account for this machine at December 31, 2011?
The bookkeeper recorded the advance in the Revenues account. As of December 31, however, the city had not yet started the training program.
the corporation performs adjusting entries monthly. closing entries are performed annually on december 31. during
the company uses standard costing and has developed the following information about standards for its product materials
The following information pertains to Stoney Manufacturing for 20X6:Direct labour $ 30,000Sales 400,000Selling expenses 50,000Raw (Direct) materials on hand:
bavarian sausages enterprise value is 75000000 the market value of its debt is 23000000 and the market value of its
George just accepted a job as an apartment manager and is paid a salary of $28,000 per year. In addition to the salary, he is offered the choice of rent-free use of an apartment or a $500 per month housing allowance. George decides to accept the ..
manufacturing overhead was estimated to be 489600 for the year along with 20400 direct labor hours. actual
1. questiona company has total fixed costs of 210000 and a contribution margin ratio of 30. how much sales are
The depreciation applicable to this equipment was $70,000 for 2008, computed under the sum-of-the-years'-digits method. What was the acquisition cost of the equipment?
control alt design acquired 30 of the outstanding common stock of walter company on january 1 2012 by paying 800000 for
Glassett Corporation is considering a project that would require an investment of $62,000. No other cash outflows would be involved. The present value of the cash inflows would be $70,060. The profitability index of the project is closest to:
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