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Olde Store has 12,000 cans of crab meat just a week past the expiration date. Each can cost $0.31. The cans could be sold as is for $0.20 each, or relabeled and sold as gourmet cat food. The cost of relabeling the cans would be $0.04 per can and the cans would then sell for $0.29 per can. What should be done with the cans and why?
jim inherits stock from his brother who died in march when the property had a 6.9 million fmv. this property is the
prepare journal entries to record the december 2012 transactions. 2. post those entries to t-accounts. 3. prepare
1. jasper inc. has a december 31 year-end.a. current assets are 30 million.b. current accrued liabilities are 9
Rampart Hospital has total variable costs of 90% of total revenues and fixed costs of $50 million per year. There are 50,000 patient-days estimated for next year. What is the average daily revenue per patient necessary to breakeven?
Warner Company issued $800,00 of 6%, 10-year bonds on one of its interest dates for $690,960 to uield an effective annual rate of 8%. The effective-interest method of amortization is to be used. What amount of discount (to the nearest dollar) shou..
a company entered into a franchise agreement to operate a franchised location beginning on january 1 2014. the terms of
felicia amp fredrsquos executive board has asked you to change the decision model previously completed to reflect the
on january 1 2002 fox corp. issued 1000 of its 10 bonds for 1040000. these bonds were to mature on january 1 2012 but
on january 1 2014 harter company had accounts receivable 127600 notes receivable 25200 and allowance for doubtful
on june 1 2012 andre company and agassi company merged to form lancaster inc. a total of 907000 shares were issued to
Duke Associates, antique dealers, purchased the contents of an estate for $38,400. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Duke Associates' warehouse was $1,650.
identify the job aspects, educational requirements, and preeminent accounting fields in which to work. Determine at least two (2) ways that accounting or accountants can have a direct impact on society.
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