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The state awards a grant of $50,000 to the Town of Glenville. The state will pay the grant money to the town as a reimbursement for money spent on road repair. At the time of the grant, the state pays $8,000 in advance. During the first year of this program, the town spent $14,000 and applied for reimbursement. What amount of revenue should be recognized?a. $_0_.b. $8,000.c. $14,000.d. $50,000.
The semiannual interest payment dates are September 1 and March 1. Using the straight line method and ignoring year end accruals, prepare journal entries
To achieve the goal of decreasing the collection period, the change in the average A/R balance that must occur is closest
For each division, compute the return on investment (ROI) in terms of margin and turnover. Where necessary, carry computations to two decimal places.
calculation of different variances.downes consolidated industries international uses a standard cost system and records
Calculate gross profit margins for both services and calculate GP per patient day and per operating theater (OT) procedure.
question subsequent are a number of users of accounting information and examples of a question they need answered
There is enough Alpha material in stock. If it is not used on this contract it is unlikely that it would be required in the near future. If the company chose to sell 4000 units of Alpha it has estimated that it would generate £20,000.
Why are the itemized deductions what they are? Why allow home mortgage interest, not credit card interest? Why allow medical expense deductions, not school expense deductions? Why allow state and local income and property taxes.
Evaluate the surplus relief generated from the reinsurance transaction and RST Company had the following account balances
Prepare the year-end entries for any amounts that could be recorded as a result of each of the above contingencies.
income statementsyear ended december 31 20x8nbspnbspinsure co.go-med co.sales39000001560000other
Calculate the break -even point for the year 2007 and calculate the break -even point under each alternative course of action above.
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