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Problem - Ramirez Company purchased goods with the following terms and details:
Sales price, $9,000
Terms, 3/10, n/30
Date of sale, April 1
Date of payment, April 11
Returns and allowances (before payment), $800
Shipping, FOB Shipping Point, $300, prepaid by seller
Required: Compute the amount that Ramirez Company has to pay to the seller for the goods.
cawley company makes three models of tasers. information on the three products is given
The following are selected transactions of Donn Company. Donn prepares financial statements quarterly.
plants galre operates a commercial plant nursery where it propagates plants for garden centers throughout the region.
fenton co. had net income for 2014 of 400000. the average number of shares outstanding for the period was 200000
Page Company is contemplating the acquisition of a machine that costs $50,000 and promises to reduce annual cash operating costs by $11,000 over each of the next six years.
wenner furnace corp. purchased machinery for 421290 on may 1 2012. it is estimated that it will have a useful life of
There are five different compositions or forms of business by which companies can be established. They are sole proprietorship, general partnerships,limited partnerships, limited liabilities corporations, and incorporated corporatio
MixRecording Studios purchased 7,800 in electronics components from TechCom. MixRecording Studio signed a 60-day, 10% promissory note for 7,800. If the note is dishonored, what is the amount due on the note?
In the current year, Louise invests $50,000 for a 10% interest in a passive activity. Her share of the loss this year is $10,000. If this is her only passive activity, the $10,000 loss is suspended for use in a future year.
For each of the above situations, prepare the journal entry required to record the acquisition of the equipment. Round computations to the nearest dollar.
manufacturing overhead was estimated to be 484800 for the year along with 20200 direct labor hours. actual
Assuming Kerr earns a before interest expense recognition profit of $400 during 2013, determine the amount of interest and dividends paid.
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