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Company X sells on a 1/20, net 90 basis, Customer Y buys good with an invoice of $2,500. What is the effective annual rate of interest if Y pays on the due date rather than day 20? What is Effective annual rate of interest %?
For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500..
The owner's equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to ..
Which of the following is a capital asset? a) The bicycle of a 10-year old child. The child purchased the bicycle with money inherited from an aunt. b) The tools used by a self-employed carpenter.
thai bays computer system generated the following trial balance on december 31 2011. the companys manager knows
Assuming Kuchman uses the par value method of accounting for its treasury stock, retained earnings at December 31, Year 2 would be reduced by:
Kentucky Enterprises purchased a machine on January 2, 2010, at a cost of $120,000. An additional $50,000 was spent for installation, but this amount was charged erroneously to repairs expense. The machine has a useful life of five years and a sal..
Write down the journal entry that is needed in order to record the acquisition of the bonds on January 1, 2005. Make sure to use the NET method.
Managers of Wheldon Manufacturing are analyzing variable overhead variances for the fiscal period just ended. The flexible budget called for $80,000 in variable overhead but actual variable overhead was $95,000.
Determine the total bond interest expense to be recognized over the bonds' life.
at a sales volume of 20000 units total costs are 55000. the companys variable cost per unit is 1.50. what should be the
The annual market rate at the date of issuance is 6%, and the bonds are sold for $165,523. What is the amount of the disc on these bonds at issuance?
total costs to account for is1. the number of units finished during theperiod2. equal to the dollar value offending
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