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An invoice for 50000 dollar dated feb 22 has payment terms 4/5, 3/20, n/30.
A partial payment of 27000 was made on mar 10
a. How much was credeted to the account
b. Determine the outstanding balance after this partial payment.
Foam Pet Mattress Company can sell as many pet bed models A and B that it can produce, but the company has limited production capacity. It can produce two units of A or three units of B per hour and it has 4,000 production hours available.
How should internal auditors help, if at all, with forensic accounting investigations?
For the year ended on December 31, 2010, XYZ had net income of $90,000 and paid dividends of $40,000. Prepare the journal entries to record the result using EQUITY METHOD of accounting. Show your calculation for the adjustments of net income.
Luke Company has an inventory conversion period of 60 days a receivables conversion period of 45 days, and a payments cycle of 30 days. What is the length of the firm's cash conversion cycle?
The following data were taken from the balance sheet accounts of Wickham Corporation on December 31, 2012.
Suppose a stock had an initial price of $83 per share, paid a dividend of $1.40 per share during the year, and had an ending share price of $96.
A bond issued with a face value of 200000 and a carrying amount of 195500 is paid off at 98 1/2 and retired. The gain or loss on this transaction is:
Waheed Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour.
The compensation associated with executive stock option plans is:
prepare the journal entry (if any) to record the sale on January 2, 2012 shaw prepares an income statement for the first quarter of 2012, ending on March 31, 2012. How much revenue should Shaw recognize related to its sale to ricard?
Which of the following is a true statement about governmental units that issue tax- supported debt to finance capital projects?
Find out the range of outputs for which cost function C(q) = f +cq^2 where c>0 is characterized by
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