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The accountant for Barb's Bookstore balanced out the cash register for the day. The register indicates $1,031.50 in sales, the change fund at the beginning of the day was $125 and the actual cash in the register is $1,150.25 (including the change fund, previously accounted for). What is the effect on the financial statements of the entry to record the day's sales and any related overage or shortage?
Isaac Company has a selling price of $10 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales. Calculate the budgeted beginning balance in units for finished goods inventory on November 1?
explain why proponents of lifo argue that it provides a better match of revenue and expenses. in what situation would
skagway co. has identified activity centers to which overhead cost are assigned. the cost pool amounts for these
Anaconda Mining Company shipped 9,000 tons of copper concentrate for $450,000 in March and 11,000 tons for $549,000 in April. Shipping costs for 12,000 tons to be shipped in May would be expected to be:
fugate energy corp. has recently purchased a small local company gleave inc. for 556950 cash. fugates chief accountant
runcke motor company manufactures automobiles. during september 2011 the company purchased 5000 head lamps at a cost of
you have been asked to discuss the role of the financial accountants and managerial accountants functions in
for bobby company sales is 1200000 6000 units fixed expenses are 360000 and the contribution margin per unit is 80.
everett miguel and ramona are partners sharing income 123. after selling all of the assets for cash dividing losses on
ferguson company purchased a depreciable asset for 100000. the estimated salvage value is 10000 and the estimated
tonga toys manufactures and distributes a number of products to retailers. one of these products playclay requires two
Watson uses four units of direct material in each finished unit. The direct material price has been stable and is expected to remain so over the next six months.
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