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Question 1: How to make a cash budget for the month of April, may and june taking into consideration that the firm wants to maintain a cash balance of P50,000 at all times.
Calculate the present value of a $1,000 zero-coupon bond with five years to maturity if the yield to maturity is 6%.
What information does M&S provide on the target allocation of its pension assets? How do the allocations relate to the expected returns on these assets?
Stuchlik Catering uses two measures of activity, jobs and meals, in the cost formulas in its flexible budgets. The cost formula for catering supplies is $540 per month plus $66 per job plus $14 per meal. A typical job involves serving a number of mea..
Evaluate the profitability of each product after allocating joint costs.
Is a reporting entity required (or permitted) to re-evaluate its original determination of bifurcated hybrid contracts?
Included in Gonzalez Company’s December 31 trial balance is a note receivable of $23,400. The note is a 4-month, 10% note dated October 1. Prepare Gonzalez’s December 31 adjusting entry to record $585 of accrued interest, and the February 1 journal e..
Diaz Company uses process costing in its two processing departments; Assembly and Finishing. If the Assembly Department requisitioned direct materials to be used in production, totaling $80,000, which one of the following journal entries would be mad..
All of the company’s outstanding shares are held by family members and a handful of trusted employees. The company has no outstanding securities that trade on any exchange, and no plans to go public. how the issue should be resolved based on FASB cod..
Prepare appropriate entries for both IGA and E Leasing from the inception of the lease through the second rental payment on April 1, 2011. Depreciation is recorded at the end of each fiscal year
Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions FIFO
A company received a bill for newspaper advertising services, $400. The bill will be paid in 10 days. How would the transaction be recorded today?
Prepare journal entries to record the above inventory and the following events related to the estate principal and income: Final medical and funeral expenses of $22,000 are paid.
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