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Dec 29 purchased a 12 month public libility insurance policy9600. this policy protects the company against liability for injuries and property damage caused by its equipment. however thepolicy goes into effect on january 1 2008 and afford no coveragefor the injuries sustained by kevin davenport on december26..
dec31 recived bill frrom universal utilities for the month ofdecember 700 payment due in 30 days.
dec 31 equipment rental fee earned druring the second half ofdecember amounted to 20,000 of which 15600 was received incash....
please these one cant figure out how to prepare journal entries for these please help me.
Which of the following is an internal control activity that could prevent a paid disbursement voucher from being presented for payment a second time?
Many companies use a balanced scorecard for performance evaluation. The balanced scorecard has four business perspectives, and utilizes KPIs to evaluate performance in various areas. Which of the following KPIs would relate to the financial perspe..
During February 2008, its first month of operations, the Rutwing Enterprises issued stock in exchange for cash of $25,000. Rutwing had cash revenues of $4,000 and paid expenses of $7,000. Assuming no other transactions impacted the cash account, w..
What is the purpose of GAAP and management accounting? There is a very important distinction that we need to keep in mind when discussing accounting because... they are not the same
A company estimates that ordering costs are $2.00 per order, picking costs are $1.00 per unique item ordered, packing costs are $0.07 per item, and return costs are $40.00 per return. A customer orders $8,000 worth of goods with direct costs of $6..
a) Journalize the transaction, events, and closing entries b) Enter the beginning balances in the accounts, and post to the stockholders' equity accounts c) Prepare a retained earnings statement for the year d) Prepare a stockholders' equity section ..
From the banker's point of view, short-term bank credit is an excellent way of financing?
Maria Alvarez is investing $217,140 in a fund that earns 10% interest compounded annually. What equal amounts can Maria withdraw at the end of each of the next 21 years?
The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 22,000 machine-hours and incur $264,000 in manufacturing overhead cost. The follow..
Unruh co. which has a taxable payroll of 400,000, is subject to FUTA tax 0f 6.2% and a state contribution rate of 5.4%. however, because of stable employment sxperience, the company's state rate has been reduced to 2%. What is the total amount of ..
Updike and Patterson Investmens inc (UPI) holds equity investments with a cost basis of $250,000. UPI accounts for these investments as available-for-sale securities.
Using published sources, identify the process of cost committment during various phases of some product's life cycle. Try to find several examples so that you can contrast the rate of cost committment for different products.
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