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Where do you see Excel being useful for anyone in the area of business when dealing with accounting, bookkeeping, and financial transactions? In your post, be sure to discuss accountants who are already using a computerized accounting system
Mike Corporation exchanged land and cash of $6,500 for equipment. The land had a book value of $45,000 and a fair value of $34,000. Assume the exchange has commercial substance. Prepare the journal entry to record the exchange.
In one year, a company had $30,000 Sales Revenue on credit. At the start of the year, the Accounts Receivable showed a $6,000 debit balance and the Allowance for Doubtful Accounts showed a $400 credit balance.
They spent $15,000 in connection with the adoption, all of which was paid by the employer in accordance with the adoption plan. How much of employer paid adoption costs must be included in their income?
Evaluate what will Accounts Receivable be at end of February and find what will cash payment for administrative and selling expenses be in February including fixed and variable cash expenses?
two divisions of cmi are involved in a dispute. division a purchases part 101 and division b purchases part 201 from a
Please give best answers to all questions on the exam with use of Excel, Excel sheets need to be attached when you submit the exam. The exam is open material, but you may not consult in any way with others.
Evaluate sales price per dozen pretzels using 120% markup on variable cost and evaluate contribution margin per dozen pretzels and the breakeven point for the quarter (three months) in dollars and units
Jan receives no reimbursement from her employer. Jan has an AGI for year of $50,000 and no other itemized deductions.
Compute Delzers return on assets ratio, profit margin ratio, and asset turnover ratio, both with and without the new product line and discuss the implications that your findings in part (a) have for Delzer"s decision.
The project would generate before tax annual cash inflows of $28,500. The tax rate is 35% and the company’s discount rate is 14%. What is internal rate of return?
The current ratio for a company with current assets of $70,000, quick assets of $30,000, net assets of $150,000 current liabilities of $50,000 and net sales of $80,000 would be:
What level of sales dollars is needed for a monthly profit of $60,000? For the month of July, the marina anticipates sales of $1,000,000. Illustrate what is the expected level of profit?
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