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Grafton sells a product for $730. Unit sales for May were 500 and a 2% growth in unit sales is forecasted for each month. Grafton pays a sales manager a monthly salary of $3,700 and a commission of 1% of sales in dollars. Compute the projected selling expense to be reported on the selling expense budget for the manager for month ended June 30.
equipment of 430 million and other assets totaling 170 million. current liabilities are 170 million and long-term
a company that has a fiscal year-end of december 31 1 on october 1 31000 was paid for a one-year fire insurance policy
on december 1 flatron company signed a 9000 3-month 9 note payable with the principal plus interest due on march 1 of
in early january 2011 lab tech purchased computer equipment for 147000 to use in operating activities for the next four
suppose you are the manager of a widget-production company. the companys two support departments purchasing and human
on november 3 this year kerry acquired and placved into service 7-year business equipment costing 80000. in addition on
What is the budgeted change in inventory levels over the month of December?
as a new auditor for the cpa firm of croix marais and kale you have been assigned to review the internal controls over
Each $1,000 bond is convertible into 20 shares of preferred stock of par value of $50 per share. All bonds are converted into preferred stock. Assuming that the book value method was used, what entry would be made?
mason company purchased a new machine on january 1 1999 for 64000. at the time of acquisitionthe machine was estimated
chris guthrie was recently hired by samps air inc. to assist the company with its financial planning and to evaluate
During 2010, 4,000,000 packages of light bulbs are sold, and 140,000 $1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2010 financial statements dated December 31?
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