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Vandross Company has recorded bad debt expense in the past at a rate of 1.5% of net sales. In 2012, Vandross decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $380,000 instead of $285,000. In 2012, bad debt expense will be $120,000 instead of $90,000. If Vandross's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?
southside sports is preparing its annual cash budget showing quarterly data for 2014. a 14000 cash balance is desired
Purchased furniture and equipment costing $30,000. A cash payment of $10,000 was made immediately; the remainder will be paid in 6 months.
Becky wants to invest $3,200 in a money market fund at the end of each year for three years in order to save money to go to college. If the prevailing rate of interest is 11% how much will she accumulate in the fund at the end of the three year pe..
Explain in narrative form the flow of direct materials, direct labor, and factory overhead costs through the ledger accounts.
vacaro corporation produces and sells a single prodcut . data concerning appears below. per unit percent of
use the following data for abc music co. to prepare a statement of cash flows using the indirect method for the year
metro shuttle company is considering investing in two new vans that are expected to generate combined cash inflows of
Sugarland Company sells a single product and anticipates opening a new facility inCharlotteon May 1 of the current year.
A company acquires a subsidiary and will prepare consolidated financial statements for exteral reporting purposes. For internal reporting purposes, the company has decided to apply the initial value method. Why might the company have made this dec..
part a angela purchased a car for 30000 by putting 20 down in cash with the balance due as a note payable. journalize
Evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion.
Calculate the total product cost for Noteworthy - Noteworthy, Inc., produces and sells small electronic keyboards
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