Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Chester & Wayne
Chester & Wayne is a regional food distribution company. Mr. Chester, CEO, has asked for my assistance in preparing cash-flow information for the last three months oft his year. Selected accounts for an interim balance sheet dated September 30, have the following balances:
Cash $142,100 Accounts Payable $354,155 Marketable Securities $200,000Other Payables 3,200 Accounts Receivable $1,012,500 Inventories $150,388The following information is provided based on experience and management policy:Customers paying within 10 days of the billing date may take a 2 percent cash discount40 percent of the sales is paid within the discount period the month following25 percent pay in the same month but does not receive cash discount30 percent collected the 2nd month after billingRemainder is uncollectableAdditional cash of $240,000 is expected in October from renting warehouse60 percent of all purchases is paid in month incurred, remainder the following monthEnding inventory is 25 percent of next months budgeted costsGross profit averages 30 percent of sales for monthSelling and administrative expenses are 5 percent sales plus $75,000 with $5,000 depreciation
Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciledcash balance as of July 31, 2009.
The 10,000 accounts receivable of DEF Company have a total book value of $120,000. A CPA has selected and audited a sample of 100 accounts with a total book value of $1,000 and an audited value of $1,200. Using the ratio estimation technique, the ..
How much in interest savings should be added to the numerator for diluted EPS? Assume the two conditions for conversion have been met.
camera shop ince. started the year with total assets 80000 and total liabilities of 40000. during the year the business
rogers company has total fixed costs of 112000. its product sells for 35 per unit and variable costs amount to 25 per
there are 3 ants at 3 corners of a triangle they randomly start moving towards another corner. what is the probability
online degrees and courses are widely used by colleges and universities around the world. some students feel that the
a physical count on may 31 2010 shows 2000 units of part m.o. on hand. using the fifo method what is the cost of part
At 6% interest what is the present value of the machine's profits
demonstrates ethical scholarship in accurate representation and attribution of sources; and displays accurate spelling, grammar, and punctuation.
1. required production during a planning period will depend on theabeginning inventory of productsbsales during the
the following materials standards have been established for a particular productnbspnbspstandard quantity per unit of
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd