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 is information from TextTech Inc.
July 1 Sold $200,000 of laptops to Marcell Company with term 3/15, n/30. TextTech uses the gross method to record cash discounts. TextTech estimates allowances of $15,000 will be honored on these sales.
July 10 TextTech received payment from Marcell Company for the full amount owed from the July transaction.
July 17 Sold $1.5 million in laptops and pre-wired cases to Liquid Communications with terms of 2/10, n/30.
July 30 Liquid Communications paid TextTech for its purchase on July 17.
Required: Prepare the necessary journal entries for TextTech.
Calculate the dollar amount of ABC Company's finished goods inventory that would appear on the December 31, 2007, balance sheet using variable costing.
Prepare an acquisition analysis and the consolidation journal entries necessary to prepare consolidated accounts for the year ending 30 June 20x4 for the group comprising Tien Ltd and Chai Ltd.
Cost-volume-profit analysis is an extension of break-even analysis. CVP analysis enables managers to understand cost behavior and the effect on profits in response to a wide variety of influences, such as changes in volume, variable and fixed costs, ..
pay roll account kept under zero balance system . calculate pre taxslimware is considering establishing a zero-balance
Spencer Electronics has just developed a low-end electronic calendar that it plans to sell via a cable channel marketing program. The cable program’s fee for selling the item is 20 percent of revenue. For this fee, the program will sell the calendar ..
Alpha Company sells widgets for $35 each. The widget has a one year warranty. Alpha estimates that 6% of the widgets will require repair during the warranty period. The estimated average repair cost is $4.30 per widget. The August 31 Estimated Warran..
Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $35,000 for the period. The pension formula calculated a pension cost of $201,250. Only $175,000 was contributed to the pens..
What is the change in operating income for the year if $18.00 is the new price and costs remain the same?
What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? What is the present value of $7,000 due 8 periods hence, discounted at 11%?
What amount of the acquired earnings and profits deficit of $30,000 can be used to offset Shipyard's current earnings and profits for 2011?"
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry t..
Evaluate the depreciation expense for the second years of operation using (a) straight-line method, (b) units of production, (c) declining balance method at twice the straight line rate and (d) sum of the years method.
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