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!
DCL Industries purchased a supply of mechanical components from E Corporation on November 1, 2011. In payment for the $48,000 purchase, DCL issued a 1-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 12%.
Required:
1. Prepare the journal entry for DCL's purchase of the components on November 1, 2011.
2. Prepare the journal entry for the first installment payment on November 30, 2011.
3. What is the amount of interest expense that LCD will report in its income statement for the year ended December 31, 2011?
Calculation of payback period of the project and comment on its liquidity and Use the payback method to calculate how many years it will take for each project to recoup the initial investment, Which project would you consider most liquid?
calculation of labor variances.1.the following direct materials and direct labor data pertain to the operations of
Discuss d oes your client have a liability that should be recorded at December 31? Prepare a journal entry(ies), if required, to reflect any accounting adjustment required. Assume a perpetual inventory system is used by your client.
The sales mix (as a percent of total dollar sales) of its three product lines is: birthday candles 30%, standard tapered candles 50%, and large scented candles 20%. Illustrate w hat is the weighted-average contribution margin ratio?
What account is credited when a corporation issues stock at an amount over the stock's par value and financial statements when cash is received in advance from customers?
calculation of total contribution margin and variable costs analysis1. iacono corporation is a wholesaler that sells a
the question is on accounting basics about closing process in accounting cycle.indicate which of the following accounts
making the journal entries to record merchandising operations activities.make the journal entries necessary to record
at the end of its reporting year 31st december 2010 acme inc. shows the subsequent intangible assets on its books 60000
Check a governmental and a not-for-profit program
Using the direct method of presenting cash flows from operating activities, prepare a Statement of Cash Flows in accordance with AASB 107 for the year ended 30 June 2012, including a reconciliation of cash flows arising from operating activities a..
What is the amount of applied overhead for the year?. What is the amount of under or overapplied overhead for the year? Indicate whether it is over- or underapplied.
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