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During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The ending balance of Accounts Receivable would be?
find a journal article online about absorption andor variable costing. in the subject line of your post include the
Appollo Corporation reported the following accounts and balances in its financial statements.
Derivative accounting: What are the disclosure requirements for traditional and derivative financial instruments? Should companies disclose if such instruments are used for hedging or speculation? Why?
discuss the differences between storing data in access and excel. why would you use a spreadsheet over a database? at
What is the budgeted gross margin in dollars for February?
Write an article
Chapman Inc. doubles the amount of its assets from the beginning to the end of the year. Liabilities at the end of the year amount to $40,000, and owners' equity is $20,000. What is the amount of Chapman's assets at the beginning of the year?
Identify the problem that appear to exist in ferguson and sons manufacturing company's budgetary control system and explain how the problem are likely to reduce effectiveness of the system.
climate-control inc. manufactures a variety of heating and air-conditioning units. the company is currently
Gilbert expects to receive 70% of his revenues in cash during the month of sale and 30% in the following month. Gilbert receives his dolls on consignment, with the purchase price being due at the time of the sale. Thus, Gilbert's cash outflow for ..
1. which of the following attributes most clearly differentiates a cpa who audits managements financial statements as
The December 31 , 2013 balance sheet of schism inc 120,000 in common stock account and 2,120,000 in the additional paid in surplus account.
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