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The note receivable dishonored in Discussion Question 9 is paid on May 30 by the maker, plus interest for 30 days, 8%. What entry should be made to record the receipt of the payment?
a certificate of deposit has an annual rate of 6 compounded quarterly. find the effective rate of interest. show all
The overall cost of capital for a retail store: a. is equivalent to the after-tax cost of the firm"s liabilities. B. should be used as the required return when analyzing a potential acquisition of a wholesale distributor.
The board of directors declared and paid a $6,000 dividend in 2009. In 2010, $24,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2010?
a company estimates that warranty expense will be 4 of sales. the companys sales for the current period are 185000. the
Merchandise is ordered on June 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on June 16
Bent Co. reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $170,000. Using the direct method of reporting cash flows from operating activities, cash payments made..
A cash basis calendar year C corporation in Athens, Georgia, had $100,000 of accounts receivable on the date of its conversion to an S corporation on February 14. By the end of the year, $60,000 of these receivables had been collected. Calculate a..
What are the advantages of loan agreements that contain covenants tied to accounting numbers? Are there any disadvantages? Please explain.
What is the budgeted utility cost for September 2011 if 31,250 machine hours are projected?
What is meant by the statement, "Assets are listed in order of liquidity"? Give an example using the typical current assets section of a balance sheet.
Department J had no work in process at the beginning of the period, 18,000 units were completed during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the departmental ..
kobyashi moru prepares two sets of financial statements one set using chinese standards and gaap as meager as those
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