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On October 1, 2014, Gator Inc assigns $1,600,000 of its accounts receivable to American Bank as collateral for a $1,200,000 loan. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 7%.
On December 31, 2014 Gator inc collects $700,000 of the assigned receivables and remits those collections and the accrued interest to the bank.
Prepare the required journal entries for Gator Inc on October 1, 2014 and December 31, 2014.
Prepare the trial balance for Richards grocery as at 30th april 2014 - Journalise, post to ledgers, balance of accounts, prepare trial balance.
Discuss the effect of a volume increase in sales, a price increase in sales, and a cost decrease on the net operating income.
The equipment had a recorded amount on Paw's books of $21,000. What journal entry should Rental make to record this exchange?
What is the role of the CPA and how does it differ from other accountants? What is the value of the accounting function in your organization, both internally and externally?
Assuming that the yearly benefits, which are measured in real dollars, accrue at the endof each of the 20 years, calculate the net present value of leasing the land.
Prepare a multiplc-step laconic statement and prepare a retained earnings statement - analysis of the accounts and discussions with company officials
calculation of gross margin in absorption and marginal costing.gregson enterprises in its 1stnbspyear of operations
During the month, the cost of units transferred out from the dept. was $460,000. In the departments cost reconciliation report for April, the total cost to be accounted for would be?
Is the offer from the outside supplier financially attractive and why
Prepare a variance analysis report with both flexible-budget and sales-volume variances.
Cost approach and market transaction (actual transaction value for identical or similar asset based on an arm's length market transaction)
questions based on consolidated balance sheet.on december 31 2008 company p reported assets of 800 million and
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