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Disk Productions needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 10 percent of total sales each month. Historically, sales on account have been collected as follows: 60 percent in the month of sale, 30 percent in the month after the sale, and the remaining 10 percent two months after the sale. Sales for the quarter are projected as follows: April, $120,000; May, $100,000; and June, $80,000. Accounts receivable on March 31 were $60,000.The expected cash collections of Disk Productions for June are?
Record the 2011 entries for the purchase of the machine and the lease on the books of Grande machinery and for Sunshine Engineering.
The equipment will have an initial cost of $400,000 and have a 5 year life. If the salvage value of the equipment is estimated to be $75,000, what is the annual net income? Ignore income taxes.
your friend remarked a company will never drop a product from its product line that has a positive contribution margin.
1.the equity method of accounting for investments in stock is used if the investor owns 20 of the stock of the investee
What is the process of monitoring the performance of senior executives and what is the structure of the board?
Lease or buy: I can lease a building for $10,000 or buy for $800,000. The weighted average cost of capital is 12%. Which is cheaper buy or lease?
complete the following exercise. submit journal entries in an excel file and written segments in an ms word document.
question earnings per share. santana corporation has 400000 shares of common stock outstanding throughout 2010. in
The higher the interest rate the lower the present value of a future amount. Why?
on january 1 2013 princess corporation leased equipment to king company. the lease term is 10 years. the first payment
alpine inc. uses job order costing for its brand new line of sewing machines. the cost incurred for production during
Which one of the following is NOT the component of cost?
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