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For each of the three independent situations below, prepare journal entries that summarize the selling and collection activities for the reporting period in order to determine the amount of cash received from customers and to explain the change in each account shown. All dollars are in millions.
Company looking to build ship. Estimates of project are. Ship will take 3 years to build. Ship will generate total revenue of $45million paid, in equal instalments of $15million, over 3 years (payments received at the end of each year).
Manda Panda anticipates that 2.5% of all credit sales will ultimately become uncollectible. The fiscal year ends on December 31. Illustrate what is the net realizable value (book value) Manda Panda should report in its 2011 balance sheet?
XYX Corp projects the next period sales will be 12,000 units, and it desires ending inventory equal to 20% of the next month’s sales. What is the desired inventory?
Strategic compensation is a component of the human resource system. Organizations must determine the importance of many factors when choosing compensation and benefits. Evaluate how compensation strategies tie into underlying corporate values.
What is last year's return on investment and what is the margin related to this year's investment opportunity
Calculate the target cost per unit. The team has estimated that the fixed production costs associated with the production costs associated with the product will be $1,860,000 and variable costs to produce and sell the item will be $2,500 per unit.
the partnership agreement of nieto keller and pickert provides for the subsequent income ratio a nieto the managing
Prepare a position paper that you would provide to the owner and managers concerning these two topics. The discussion in your statement should incorporate the concepts that are presented in the textbook and what was presented in class
Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting calculations.
Kinney distributes $6,000 to each shareholder on February 1, 2006, and distributes another $3,000 to each shareholder on September 1. Explain how is Erin taxed on this distribution
Allocate the support department overheads to the 3 patient service departments on the basis of the % of services provided and calculate the profit and loss position for each of the patient service departments and the hospital as a whole.
Journalize the entry to record the payroll for the week of November 18 and journalize the entry to record the payroll tax expense incurred for the week of November 18.
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