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On March 1, fixtures and equipment were purchased for $5,500 with a downpayment of $2,000 plus a $3,500 note payable in one year. Interest of 6% per year is due when the note is repaid. The estimated life of the fixtures and equipment is 9 years with no expected salvage value. Depreciation on the fixtures and equipment is computed on a straight-line basis.
titania co. sells 400000 of 12 bonds on june 1 2012. the bonds pay interest on december 1 and june 1. the due date of
at the beginning of the period the assembly department budgeted direct labor of 166500 and property tax of 12000 for
Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..
What potential conflicts can you see and how could Bill & Mary remedy the situation?
the following information has been obtained for the gockercorporation.1. prior to 2010 taxable income and pretax
material labor and overhead are used to calculate the standard cost. what are some actions a company can take to lower
demmert manufacturing incurred the following expenditures during the current fiscal year annual maintenance on its
Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover.
The building has a 3-year life with no salvage value. Lessor's target rate of return is 8% and Lessee is aware of this rate. There are no uncertainties regarding costs or collections.
International Electronic Inc. invested $1,000,000 to build a plant in a foreign country. The labor and materials used in production are purchased locally.
digdug corporation had outstanding checks totaling 5400 on its june bank reconciliation. in july digdug issued checks
Determine the due date of the note and determine the maturity value of the note - Journalize the entry to record the receipt of the payment of the note at maturity.
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