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on 1st January 1988 red of quetta consigned to blueof Karachi goods for sale blue is entitled to commission of 6% oninvoice price and 20% of any surplus price realized. Goods costingRs.18000 were consigned to blue of Karachi at invoice price ofRs.22500. the expenses of consignment amounted to Rs.1800 wereincurred by red. On 1st march, an account saleswas received from blue showing that he had affected sales ofRs.18500 in respect of 75% of the quantity of goods consigned tohim. His actual out of pocket expenses were freight in Rs. 180 ,fire insurance Rs.90 and other expenses Rs.230, blue accepted abill drawn by red for Rs.10000 and remitted the balance incash.
Reuired: prepare the consignment account in the books of consigner.
Match each situation with fraud triangle factor that best explain it an employee's monthly credit card payments are nearly 75 percent of their monthly earnings
Shortly thereafter, Bob sells the residence, liquidates the trust, and distributes the proceeds to the beneficiaries. Evaluate what are the estate tax consequences of these transactions to June?
What conclusions concerning the relative profitability, liquidity, long-run solvency, and the efficiency of assets can be drawn from your analysis above (compare and contrast the two competitors using specific financial measures from the analysis ..
You have been given the following information for Ethan Company as of June 1, 2010. Ethan Company purchased a parcel of land and then incurred specific costs for the construction of a new building
The managing partners are located in Chicago. YOUCPA also provides tax preparation and information consulting to customers and is an approved PCOAB audit firm.
Suppose fixed costs do not change, but variable costs increase by 5% before deliveries of widebody passenger jets begin in 2012. Compute the new break-even point. What strategies might the company use to help assure profitable operations in light ..
Pretend you are hired to debate the issue of the proper treatment of options written on a company's own stock. Evaluate your argument, citing concepts and definitions to buttress your case, suppose
Kristen, the regional manager for a national hardware chain, is based in Atlanta. During March and April of this year, she has to replace temporarily the district manager in Jackson, Mississippi. During this period, Kristen flies to Jackson on Sun..
To compare the two resorts, convert gold rush net income to the accounting methods and the estimated useful lives used by Mountain hideway. Compare the two resorts' net incomes after you have revised gold rush's figures. Whish resort looked better..
Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4Net credit sales $832,000 $760,000 Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000Average Accounts receivable 205,000 156,000
How do you judge a business's well-being from examining its capital structure and does it make a difference who you are
Prepare journal entry to record the acquisition of the land - Fielder company obtained land by issuing 2,000 shares of its $10 par value ordinary shares.
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