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Tidbit Inc. has a sales budget for next month of $800,000. Cost of goods sold is expected to be 25 percent of sales. All goods are purchased in the month used and paid for in the month following purchase. The beginning inventory of merchandise is $16,000, and an ending inventory of $28,000 is desired. Beginning accounts payable is $76,000. What will be the ending accounts payable balance for Tidbit Inc?
How many units would have to be sold during 2013 to earn a target profit of $59,000 for the year and Show both a total column and a per unit column on your statement
Suppose there are 360 business days in the year. What was the number of days' sales outstanding in average receivables and the number of days' sales outstanding in average inventories for 2011, respectively.
if fixed cost were 250000 the unit selling price is 125 and the unit variable costs are 73 what is the break-enven
1.what types of derivative transactions does xerox engage in cash flow hedges fair value hedges or speculative
What is Farr Company's accounts receivable balance at December 31, 2010?
Diamond company borrowed $500,00 from a bank on Jan. 1, 2007 in order to expand its mining capabilities. the five-year note required annual payment of $ 130,218 and carried an annual interest rate of 9.5%.
sarang ltd. took over bajrang ltd. and agreed to pay consideration ? to issue necessary shares of new co. value of old
On June 1 Fix-It-Up Service Co. was started with an initial investment in the company of $26,200 cash. Here are the assets and liabilities of the company at June 30, andthe revenues and expenses for the month of June, its first month of operations..
you have recently been hired as the assistant controller for stanton industries a large publicly held manufacturing
determine the total sales and the total cost of merchandise sold for the period. journalize the entries in the sales
During 2004, XYZ Company recorded salaries expense of $85,000. The salaries payable account at January 1st had a balance of $11,000 while the salaries payable account at December 31st had a balance of $8,000. The amount of cash paid to employees f..
Assume that this transfer qualifies as a like-kind exchange except for the amount of boot (if any). Bert assumes the $240,000 mortgage on the strip mall. Show your work!
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