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Post the following transactions to T- Accounts. Oct. 1 Stockholders invest $31,940 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $38,280. 3 Buys office furniture for $3,610, on account. 6 Sells a house and lot for M.E. Graves; commissions due from Graves, $11,550 (not paid by Graves at this time). 10 Receives cash of $210 as commission for acting as rental agent renting an apartment. 27 Pays $620 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,190 in salary for October.
Company sells a single product at $20 per unit. Sales- 100,000, variable costs $800,000, fixed costs $400,000 If a $4 drop in selling price will boost unit sales by 20% the company will experience:
On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be:
A Corporation is considering issuing a convertible bond. What is a convertible bond and the advantages of a convertible bond from the standpoint of 1) the bondholder and 2) the issuing corporation.
If company a has a player with a contract of $5,800,000 and company B has a player with a contract of $5,600,000 and they trade the players by exchanging the player's contract and the fair value of both contracts was $6,000,000 what amount should ..
What is the net amount of property, plant, and equipment that will appear on the balance sheet?
compute the inventorial costs for the year.
A university's meal plan for students provides that 40% of a student's meal fee is made available to the student to purchase food at "cost." At the end of the term, the student receives a refund for any of this amount that has not been spent. The ..
Mitch Corporation's contribution margin ratio is 14% and its fixed monthly expenses are $87,000. If the company's sales for a month are $678,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expens..
Waheed Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour.
Compute the dollar amount of ending inventory and profit using absorption costing. Compute the dollar amount of ending inventory and profit using variable costing.
Emmylou Company purchased 70 Harris Company 12%, 10 year. Prepare a journal entries to record the transaction described above.
Determine the amount, if any, of the impairment loss that El Dorado must recognize on these assets.
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