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1. What kinds of organizations, in addition to businesses, use accounting information?
the following annual account balances are taken from proteam sports at december 31. 2011 2010 accounts receivable
Waterways markets a simple water control and timer that it mass-produces. During the year, the company sold 696,000 units at an average selling price of $4.22 per unit. The variable expenses were $2,053,200, and the fixed expenses were $683,338. ..
the following information was taken from the records of underwood motorsports inc. at september 30 2010.1 selling
Indicate a nongovernmental not-for-profit organization you have some personal experience with. Have you seen their financial statements or form 990?
Mr. X purchased a building for $ 5,000,000 by making a down payment of $ 1,000,000 and signing a $ 4,000,000 bill payable due in 60 days. What was the effect on assets & liabilities from this transaction?
Record both depreciation for 2013 and sale of the fixtures on October 31, 2013
A company projects annual cash inflows of $85,000 each year for the next five years if it invests $300,000 in new equipment. The equipment has a five-year life and an estimated salvage value of $75,000. What is the accounting rate of return on thi..
the following information is available for cec company for the year ended december 31 20131. a three year insurance
Sales of Slimline continued to increase during the term of the contract. Slimline sued Distributor, alleging a violation of the agreement. Who should win?
gruner co. produces golf discs which it normally sells to retailers for 6.92 each. the cost of manufacturing 20100 disc
The Village Laundry Company purchased $4,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $1,000 on hand. The adjusting entry that should be made by the ..
Bridgette owns and runs a small licensed (alcohol) café. Her refrigerator broke down and she contacted an old client and friend of hers, Eddie (electrician) to repair it.
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