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Alpaca Corporation had revenues of $325,000 in its first year of operations. The company has not collected on $20,400 of its sales and still owes $28,500 on $98,500 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $14,200 in salaries. Owners invested $21,500 in the business and $21,500 was borrowed on a five-year note. The company paid $5,000 in interest that was the amount owed for the year, and paid $9,000 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 9%.Compute the cash balance at the end of the first year for Alpaca Corporation.
Micron owns 3,000 shares of JVT. JVT has 25,000 total shares of stock outstanding. JVT paid $3 per share in cash dividends to its stockholders. Micron should record a:
Prepare a graph showing the behavior of maintenance costs, andidentify the fixed and variable cost elements. Use 200 unitincrements and $1000 cost increments.
kelly ive been thinking about our method of recording entries. it seems that its inefficient.marc in what way?kelly
How many different kinds of inventory items does S&S sell and how many sales were made during October
Samson Inc. needs €1,000,000 in 30 days. Samson can earn 5 percent annualized on a German security. The current spot rate for the euro is $1.00. Samson can borrow funds in the U.S. at an annualized interest rate of 6 percent. If Samson uses a mone..
As the winner of a breakfast cereal competition, you can choose between the prizes listed below. If the interest rate is 12 percent, which prize is the most valuable?
Peanut corporation exchanged land and cash of $6,500 for equipment. the land had a book value of $45,000 and a fair value of $34,000. assume the exchange has commercial substance. compute the gain or loss?
For the Cook County Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of the firm's cash conversion ..
1.if the single amount of 5000 is to be received in 3 years and discounted at 6 its present value isa 4198.b 4717.c
greater corporation acquired all of the stock of lesser corporation in 2009 and the entities have filed a state and
prepair a complete statement of cash flows using above pictures. report its operating activities using the indirent
arden corporation just received a special order to make 7500 units of a specialized calculator. if arden has sufficient
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