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Purpose the necessary general journal entries for the month of October for the Seinfeld Company for each situation given below. Seinfeld uses a perpetual inventory system.
Evaluate the unknowns in Big Chuck's abbreviated cash budget and evaluate the outstanding loan balance as of September 30, after any repayments have been made.
Calculation of cash break-even quantity and financial break-even quantity and find the financial break-even quanity
Find the activity variance for revenue? Describe this variance and find the spending variance for the cost of ingredients? Describe this variance.
The current LIBOR rate is 10% per annum for all maturities. The 3-month LIBOR rate 1 months ago was 8% per annum. All rates are compounded quarterly. Use quarterly compounding. Illustrate what is the value of the swap to this financial institution?
Budgeting involves computation of cash budget - which is also its minimum required cash balance. There is an outstanding loan of $2,000 on March 1. Prepare a cash budget for March, April, and May.
Purpose the suitable journal entries in the general fund. If suitable, write "No entry required."
For Egger Manufacturing, evaluate the annual manufacturing overhead cost-allocation rate and what amount of manufacturing overhead costs may be allocated to this job?
Purpose journal entries to record each of the transactions above. Evaluate the carrying amount of each asset category at the end of 2009?
If $2,000 is determined to be specifically uncollectible, what effect will the write-off of the specific receivable have on: accounts receivable and allowance for doubtful accounts?
Determine how the disclosure should be treated in this instance. Examine what effect this would have on the financial statements.
Illustrate what is the overall impact on net income over the two accounting periods? (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)
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