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Chik's Chickens has average accounts receivables of $5,433. Sales for the year were $8,900.00. What is its average collection perios? (use 365 days in a year. Do not round intermediate calculations. Round your answers in 2 decimal places.
betty incurs the following transaction during the current year. without considering the transaction her 2013 agi is
Simpson Auto Body Repair purchased $20,000 of Machinery. The company paid $8,000 in cash at the time of the purchase and signed a promissory note for the remainder to be paid in four monthly installments. How will this transaction affect the accou..
A company purchased land costing $27,000 by making a 25 percent cash down payment and signing a 90-day note for the balance. The entry to record this transaction would ??
Kingbird Corporation (E & P of $800,000) has 1,000 shares of stock outstanding. That stock is held by Amata (550 shares) and Esteban (450 shares), who are unrelated individuals. Kingbird redeems 200 of Amata's shares for $1,000 per share. Amata pa..
Roman Knoze is considering two investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000 in each of three years.
The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2009 fiscal year. The $230 accrued interest for June has not yet been paid or recorded.
Partner A has a capital balance of $20,000 and devotes full time to the partnership. Partner B has a capital balance of $30,000 and devotes half time to the partnership. In what ratio is net income to be divided?
which of the following is least likely to be a possible cause of book-to-physical differences in inventory quantities?a
What is the total of consolidated cost of goods sold and What is the total of consolidated revenues, What is the consolidated total for inventory at December 31, 2011?
Explain how a physical inventory count would differ in a company using a perpetual inventory system versus one using a period inventory system.
On January 2, 2007, Prebish Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2016. Legal and other costs of $24,000 were incurred in connection with the issue.
Calculate the average total cost per unit for the 16,000 units manufactured in May. Explain why this figure would not be useful to a manager interested in predicting the cost of producing 19,200 units in June.
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