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Cash= 5943 year- 2014 and year 2013 cash=3943
Short term investments at cost year 2014 =426 and year 2013 short term =192
Accounts and notes receivable year 2014=6323 and year 2013 =4624
Inventories year 2014=3372 and year 2013=2618
Prepaid expenses and other current assets year 2014=1505 and year 2013=1194
Short term obligations year 2014=4898 and year 2013 =8292
Accounts Payable year 2014 =10994 and year 2013 =464
Purpose a post-closing trial balance. Also prove the accuracy of subsidiary ledgers by preparing schedules of both accounts receivable and accounts payable.
1.On July 1, 2013, the Foster Company sold inventory to the Slate Corporation for $300,000.
Calculate number of shares outstanding at the time of the cash dividend and the amount of cash required to fund the cash dividend.
Prepare the cash flows from operating activities using the indirect method-Cash Flow from operating activities
Calculate the degree of operating leverage given the following information: sales of $25,000; variable costs $13,000 and operating income of $7,000 for year one, and sales of $40,000; variable costs of $15,000; and operating income of $16,000 for yea..
Based on the financial information provided-calculate the following ratios and explain their purpose
A company purchases merchandise with a catalog price of $25,000. The company receives a 30% trade discount from the seller. The seller also offers credit terms of 3/10, n/30. Assuming no returns were made and that payment was made within the discount..
Prepare the entries for THT Company for the purchase of the stock, share of First Alert income, and dividends received from First Alert Company.
Ryan Patrick operates a roller skating center. He has just received the monthly bank statement at June 30 from Citizens National Bank, and the statement shows an ending balance of $750. Use the data from exercise above to make the journal entries tha..
Would you consider a job costing system appropriate for the fitness center? Try to outline as many factors as possible that help you to conclude that the fitness center should use a job costing system.
If a business had sales of $4,000,000, fixed costs of $1,300,000, a margin of safety of 25%, and a contribution margin ratio of 40%, what was the break-even point?
Evaluate taxable income and income tax payable for 2012. Evaluate the amounts reported as assets and liabilities of the Schimmel Company?
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