Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Mr. Yee and the Green Garden Peter is the manager of a buffet-style, salad bar restaurant called Green Garden. One of his regular customers is Mr. Yee, who owns an import business across the street. For years, Mr. Yee has been bringing his business clients to Green Garden for its buffet lunch. It is convenient, and he always knows it will cost $9.95 per client. Mr. Yee has been a customer since before Peter was even hired. When Peter reviews the accounts receivables for Green Garden, he notices that Mr. Yee's account is more than 90 days past due, which is very out of character. Mr. Yee is still bringing his clients to lunch at least twice a week, but he has not made a payment in over 3 months. Every visit is still recorded in Mr. Yee's house account and added to his running total. Peter searches, but cannot find a written record of the credit terms of Mr. Yee's house account.
Given this information, discuss the following:
1. How should Peter approach Mr. Yee about his past-due house account? 2. What are some possible credit terms that Peter might want to establish for Mr. Yee's account? a. For the short term? b. For the long term? 3. Develop a Credit Policy for the restaurant based on your discussions.
shark school supply corporation was organized in 2011. it was authorized to issue 200000 shares of no-par common stock
q. ron carroll operates a small company that books entertainers for theaters parties conventions and so forth.the
a major manufacturer decided to put one of its divisions up for sale because managerial information showed the
many firms compensation plans reward managers based on reported annual income. how might the cost method of accounting
In addition, she incurred the following costs in connection with the trip: $600 for transportation, $1,200 for lodging, and $400 for meals. What is Emily's deduction associated with this charitable activity?
Shetland Inc. had pretax financial income of $154,000 in 2012. Included in the computation of that amount is insurance expense of $4,000 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting deprec..
cleveland metals uses a job cost system and applies factory overhead to production at a predetermined rate of 180 of
One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. At the beginning of Month 1, 3,200 lb. of materials were on hand. Purchases o..
Inventory is the most important asset for many merchandising companies. How are merchandising inventories accounted for under U.S. GAAP?
recognition of transactions treated as gifts. in the current year emily a widow engages in the followings transactions.
kinnear plastics manufactures various components for the aircraft and marine industry. kinnear buys plastic from two
harris inc. had the following balances and transactions during 2014beginning merchandise inventory as ofjanuary 1
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd