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Norman company borrowed $15000 from the local bank on April 1, 2012, when the company was started. The note had an 8 percent annual interest rate and a one-year term to maturity. Norman recognized $42,000 of revenue on account in 2012 $56,000 of revenue on account in 2013. Cash collections from account receivable were $38,000 in 2012 and $58,000 in 2013. Norman Co. paid $26,000 of salaries expense in 2012 and $32,000 of salaries expense in 2013. Norman Co. paid the loan and interest at the maturity date.
lowe manufacturing co. warrants its products for one year. the estimated product warranty is 4 of sales. assume that
Variable manufacturing cost $12,00 per spit Ziglar's produced 20,000 sip-its during March. how much is the flexible budget for total manufacturing cost for march?
wehr inc. is preparing its cash budget for april. the budgeted beginning cash balance is 19000. budgeted cash receipts
An oil and gas investor is considering the acquisition of two fields.
Which of the techniques (NPV, IRR, payback period) is the most useful tool to use? Why?
Talia Corp. produces digital cameras. For each camera produced, direct materials are $24, direct labor is $16, variable manufacturing overhead is $12, fixed manufacturing overhead is $28, variable selling and administrative expenses are $10, and f..
1 the interest accrued on a 6500 at 6 for 60 days isa 36b 42c 65d 180e 4202 a 90-day note issued on april 10 matures
The town of Brittainville has two Enterprise Funds- one forits water and wastewater operations. How will the interfund payment be reported on the CableEnterprise Fund's operating statement?
harold corporation a manufacturer of electronics and communications systems uses a service department charge system to
a company expects to begin the coming year with 6000 ceramic pots in finished goods inventory. it expects to sell 85000
What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?
what types of businesses use the cash basis of accounting? how are revenues and expenses recognized in a cash basis
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