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Presented below are two independent situations.
(a) On March 3, Cornwell Appliances sells $680,000 of its receivables to Marsh Factors Inc. Marsh Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Cornwell Appliances' books to record the sale of the receivables.
(b) On May 10, Dale Company sold merchandise for $3,500 and accepted the customer's America Bank MasterCard. America Bank charges a 4% service charge for credit card sales. Prepare the entry on Dale Company's books to record the sale of merchandise.
What are some of the activities included in an ERP module for supply chain management?
Suppose you are an expert having studied ECMB06H. Then, all things considered, which of these policy mixes would you recommend the government adopt? Explain why.
Radon Homes' current EPS is $6.50. It was $4.42 5 years ago. The company pays out 40% of its earnings as dividends, and the stock sells for $36. Calculate the past growth rate in earnings.
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a basic assumption of accounting that requires activities of an entity be kept separate from the activities of its
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