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Sales for Harlem Tool & Die during 20X1 were $600,000, 75% of them on credit and 25% for cash. During the year, accounts receivable increased from $56,000 to $67,000, an increase of $11,000. What amount of cash did Harlem receive from customers during 20X1?
Illustrate what is the probable type of behavior that each of the costs exhibits? The company expects to produce 10,000 caps this month. Would you expect each type of cost to increase or decrease? Why? Can the total cost of 10,000 caps be determi..
Prentice company is considering dropping one of its product lines what costs of the product line would be relevant to this decision? what costs would be irrelevant?
A machine was purchased for $54,000 and it was estimated to have a $9,000 salvage value at the end of its useful life. Monthly depreciation expense of $750 was recorded using the straight-line method. The annual depreciation rate is
Evaluate the variable cost per unit and Estimate the net fixed cost per month.
Determine the inventory turnover ratio for all three companies. Determine the number of day's sales in inventory for all three companies. Interpret these results based upon each company's merchandise concept.
Record Tin Hau's materials, labor, and overhead costs for July in T accounts.- Compute the ending balance in the Work in Process Inventory account.
Prepare entries in the general fund to record the following transactions and events: - Estimated revenues for the fiscal year were $250,000 and appropriations were $248,000.
Find a website that details factoring receivables. E xplain b riefly to the class what factoring receivables is, why a company would factor their receivables, and the advantages of doing so?
Hazy Days Pool Park must replace its pool pump at a cost of $180,000. The pump has a useful life of 10 years with an $8,000 salvage value.
Prepare the journal entries for each of the following transactions:
Heavey Fabrication is a division of a major corporation. Last year the division had total sales of $21,120,000, net operating income of $2,006,400, and average operating assets of $6,000,000. The company's minimum required rate of return is 12%. What..
Sam and Elizabeth Jefferson file a joint return.- what is their allowable deduction for personal and dependency exemptions?
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