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!
Presented below are selected transactions of Pale Force Company. Pale Force sells in large quantities to other companies and also sells its product in a small retail outlet.
March 1
Sold merchandise on account to CC Company for $3,000, terms 2/10, n/30.
3
CC Company returned merchandise worth $500 to Pale Force.
9
Pale Force collected the amount due from CC Company from the March 1 sale.
15
Pale Force sold merchandise for $400 in its retail outlet.The customer used his Pale Force credit card.
31
Pale Force added 1.5% monthly interest to the customer's credit card balance.
Instructions
Prepare journal entries for the transactions.
Prepare journal entries to record the admission of Carmen for a 40 percent interest in the capital and rights to future profits under the following independent assumptions.
Estimate the effect on sales revenue resulting from the planned change in fee structure for the next financial year, which starts 1 October and ends on 30 September. State any assumptions that you need to make.
What behavior would budgeting scheme engender in the responsibility center managers and compare the advantages and disadvantages of the previous budget regime
Calculate the net present value of the estimated after-tax cash flow for each option you identify.
Write a memo in 3 pages to the budget managers in an organization, assuming you are the CEO. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution.
Preparing the direct materials budget: It takes three pounds of direct materials to produce the Regular product and five pounds of direct materials to produce the Deluxe product.
Human rights groups, environmental activists, and other interest groups concerned with unethical business practices have often conducted publicity campaigns against various corporations that those groups feel have engaged in unethical practices.
toni had worked as an apprentice baker in a large bakery that supplied different types of bread - from the standard
List and describe four potential problems with a "traditional" overhead allocation system and list and describe four "red flags" that may indicate you should consider revising your overhead allocation system.
Determine the amount of net income that Rhea and Sellevaeg would receive under each of the independent assumptions
During December, supplies purchased totaled $1,100. A physical count showed that there were $1,850 remaining at the end of the year. Prepare the necessary adjusting entry.
Why do product-costing systems using the direct method, sequential method, and reciprocal method allocate service department overhead costs first to the production departments before assigning them to individual jobs
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