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Steve owns a car. He decides that he needs a loan in order to improve his house, so he goes to Liv. He agrees to give Liv a security interest in the car in exchange for $4,000. Two weeks later he decides that he needs more money.
He goes to Dane. He gives Dane a security interest in the car in exchange for $10,000. Dane files a financing statement to perfect the interest. A week after that Liv does the same. Eventually, Steve defaults in his payments. The car is reposed, and it is sold for $3,000. How much money will Dane receive? How much money will Liv receive?
Explain which system - process costing or backflush costing- would result in higher net operatin income
How many pupils do Molly and Kathleen need to enroll in their class to break even and If Molly and Kathleen want to make a profit of $5,000 for the summer, how many pupils do they need to enroll?
Determine the best sales mix. Rank the services offered in order of their profitability and based on the ranking in I, how much time should Ortiz spend on each service in a day
Dyna Distribution markets CDs of the performing artist King James. At the beginning of March, Dyna had in beginning inventory 2,835 King James CDs with a unit cost of $2 During March, Dyna made the following purchases of King James CDs. Determine the..
merchandise accountingat the beginning of the current season on april 1 the ledger of four oaks pro shop showed cash
gerrad manufacturing has projected sales of its product for the next six months as givenjanuary 300 unitsfebruary 700
Compare resultsfor the three cost flow assumptions. What cost flow resultsin the lowest inventory value.
astaire company uses the gross profit method to estimate inventory for monthly reporting purposes. presented below is
Janice has interest income of $5,000 on certificates of deposit at Second Bank. Janice makes estimated tax payments of $17,000 for 2011.
1. check your worksheet by changing revenue in cell d4 to 16.00 the cost of ingredients in cell d5 to 6.50 and wages
Determine the amount of discount to be amortized for the first semiannual interest payment period, using the interst method. Find out the amount of bond interest expense for the first year.
Prepare a revised aging schedule showing ages of the accounts receivable after the write-offs. Be very careful with your dates. [Hint: Be sure to reflect the write-offs taken in E above, in the correct age category].
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