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The Net sale is 350000.00 and the Account Receivable is 53,0000 on 2015. Receivables turnover (beginning receivables at January 1, 2014, were $46,000). Find out the receivable turnover for 20015
The fixed costs for the plane are $3,000 per day whether it flies or not. A) Should the airline replace its night flight from Los Angeles with a morning flight? b) Should the airline remain in business?
You want to open up a custom skateboard shop. You can sell each skate-board for $160. It takes 3 hours to make each skateboard. Each skateboard maker earns $25 per hour. Each skateboard costs $15 in raw materials. What is the contribution margin? How..
Corresponds to CLO 2(c) Given the following adjusted trial balance amounts, what is the retained earnings ending balance to be reported on the statement of retained earnings?
Scotch Company plans to sell 400,000 units of finished product in July 20x1. Management (1) anticipates a growth rate in sales of 5% per month thereafter and (2) desires a monthly ending finished-goods inventory (in units) of 80% of the following mon..
St. Luke's Convalescent Center has $200,000 in surplus funds that it wishes to invest in marketable securities. If transaction costs to buy and sell the securities are $2,200 and the securities will be held for three months, what required annua..
What non-cash transactions does the company have on its cash flow statement? What are some other examples of non-cash transactions?
What line on 1040 do you enter interest income on municipal bonds, and interest income on certificate of deposit for universal savings, dividends on gm stock, medical expenses , withholding for state income taxes , and property taxes on home and prop..
According to the FASB, what conditions must exist before a liability related to a pending lawsuit can be entered in the accounting records?
monica porter loves photography and wants to start her own company. she is single 26 years old and lives in an
Which is an example of a non-value-added manufacturing activity?
A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31. If the company uses the Last-In, First-Out inventory costing method, what is the..
The 10,000 balance in long-term note payable account is the balance owing from 100,000, 6% note that requires quarterly payments of 5,000 plus accrued interest on the unpaid balance. The balance sheet (computer aging) method is used to estimate the b..
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