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Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $890,000 in October, $950,000 in November, $1,025,000 in december and $920,000 in January. Rovniak's sales are 25% cash and 75% credit. Rovinak's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.
a company called hands up located in texas manufactures latex gloves used in the medical industry. hands up purchased a
Prepare the journal entries to record the following transactions in Hunt Ltd’s records using the perpetual inventory system. (For multiple debit or credit entries, list accounts in order of magnitude.)
Vacation pay and pension benefits - The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period.
benjamin products uses job order costing and assigns overhead to specific jobs using direct labor hours. during the
company a had a total deletable capitalized cost of 656000 for a mine acquired in early 2010. it was estimated that the
on june 1 2009 national equipment rental leased equipment to the glendale community club and craig legal services.
there are three and only three paths through a network project each with a probability of completion in less than 24
legacy issues 550000 of 9.5 four-year bonds dated january 1 2013 that pay interest semiannually on june 30 and december
The Northwood Inn, the company's fiscal year, September30,2008. Journalize the entries. On August 1, the company collected six months rent of $3900 in advance.
ramos company has identivied the following overhead activities costs and activity drivers for the coming year activity
dole company with an applicable income tax rate of 30 reported net income of 350000. included in income for the period
why do you believe the securities acts of 1933 and 1934 were necessary? what did they achieve? what could have
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