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Question: Susan's stationery sold goods that cost $42000, and had expenses that totaled $5600. The average stock of goods in a year ending december 31 was $7500. What is susan's stationery inventory turnover ratio in year ending december 31?
Calculate the fixed asset turnover, the accounts receivable turnover, and the inventory turnover. The formula for fixed asset turnover is Net income divided by net fixed assets. Explain each turnover.
Operating lease on the patent compared with market terms are unfavorable. The fair value of the differential is estimated at ?80,000. How much is the goodwill
assertions are expressed or implied representations by management that are reflected in the financial statement
On December 30, 2010, the replacement cost was $42 per unit. At what amount should the 10,000 units of inventory be reported at on the December
The bank reported the collection of a note recievable for Perkins of $6300 plus $300 of interest. Give a bank conciliation as of May
Enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and complete the spreadsheet. Post the adjusting entries.
the articles of partnership for a-b partnership provide for a salary allowance of 5000 per month for partner b with the
The restaurant breaks even on fixed costs with $120,000 in revenue per month. What is Wing Things contribution margin expressed
Describe the key initiatives currently underway at ACH
The company bought a delivery truck for their business. Calculate the depreciation for March and April. Prepare the depreciation journal entry for March
r. b. patrick company manufactures a high-tech component that passes through two production processing departments
Depreciation is computed on a straight-line basis with no salvage value. Ignore taxes. What is the residual income each year if cost of capital is 15 percent
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