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On March 20,Terrell's petty cash fund of $114.87 is replenished when the fund contains $10.92 in cash and receipts for postage $54.84, freight-out $30.40, and travel expense $14.77. Prepare the journal entry to record the replenishment of the petty cash fund. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.
The measurement date for shares issued to employees in share option plans accounted for using the fair-value method is:
What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? Do you prefer ABC over traditional costing methods?
Production personnel estimate that the 75,000 units still in process on June 30 are 100% complete with respect to materials and 40% complete with respect to conversion costs.
The chosen company is Apple Inc. The purpose of the comprehensive project is to use resources available to obtain industry averages for commonly used ratios. Additionally you will compare company ratio results to industry averages
Make the appropriate journal entries (if any) to record the receipt of the $260 by XYZ Corp. assuming XYZ uses the allowance method.
Imagine the government has released funds for creating small businesses. You are interested in establishing a small business, and you must decide on the form of business organization that would best suit your unique product or service and business..
below is information from job card 506 for the bearing manufacturing company. date started june 15 2015date completed
Accounting Capstone Research Project
Every sale must bear its share of the full costs of running the business. If we sell below our full cost,we'll be out of business in no time." What do you thinkof this remark?
EZ, Inc., reports pretax accounting income of $400,000, but due to a single temporary difference, taxable income is $500,000. At the beginning of the year, no temporary differences existed. EZ is subject to a tax rate of 40%.
Compute the plantwide overhead rate that would be used in the companys conventional cost system. Using the plantwide rate, compute the unit product cost for each product.
Compute the day’s sales uncollected for both companies as of the end of current period. Which company is doing a better job in managing the collection of its receivables?
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