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Goods costing $2000 are purchased on account on July 15 with credit terms of 2/10,n/30. On July 18 a $200 credit memo is recieved from the supplier for damaged goods. How would you give a journal on July 24 to record payment of the balance due within the discount period using a perpetual inventory system?
Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year.
evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.
After using the concession stand for 4 years, Six Flags determines that the building will remain useful for only 2 more years. Record Six Flags' depreciation on the concession stand for year 5 by the straight line method.
Direct materials $40, direct labor $10, variable overhead costs $30, and fixed overhead costs $20. In the short term, the incremental cost of one unit is what?
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?
Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.
The lease terms are arranged so that a return of 12% is earned by the lessor, what is the annual lease payment required to yield the desired return???
Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Analyze why each factor is important and the risks of not considering each factor.
Create a cost-benefit analysis to evaluate the project
Imperial Foods checkbook balance on December 31, Year 1 was $122,400. In addition, Imperial held the following items in its safe on December 31.
Explain what operating leverage, ROE, EVA are and how they measure performance. Pick another performance measure of your choice and explain it as well.
What happens to the value of the growth option if the variance of the project's return is 14.2%? What if it is 50%? How might this explain the high valuations of many startup high-tech companies that have yet to show positive earning?
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