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On December 28, 2016, Tristar Communications sold 10 units of its new satellite uplink system to various customers for $25,000 each. The terms of each sale were 1/10, n/30. Tristar uses the gross method to account for sales discounts.
In what year will income before tax be affected by discounts, assuming that all customers paid the net of-discount amount on January 6, 2017? By how much?
objective questions on job order cost accounting system.1. in a job order cost accounting system the entry to record
Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $6,000,000 (600,000 hours at $10/hour) and that factory overhead would be $3,900,000 for the current period. At the end of the perio..
Finance or Google Finance to look up the P/E ratios for Verizon Communications and Walmart.- Which company has the higher P/E ratio?
questionbig screen corporation manufactures as well as sells 50-inch televisionbig screen corporation manufactures as
Bridgeport Corporation purchased a truck at the beginning of 2017 for $62,000. The truck is estimated to have a salvage value of $2,480 and a useful life of 198,400 miles. It was driven 28,520 miles in 2017 and 38,440 miles in 2018. Compute depreciat..
One major change in investigating financial frauds in the last 15 years is: When one of the parties to a legal proceeding is asked to preserve electronic evidence, and they cause it to be destroyed, it is called: The best method to help prevent socia..
Dalton Construction Company contracted to build a bridge for $8,000,000. Construction began in 2014 and was completed in 2015. Data related to the construction are: How much gross profit should be reported for 2015?
What are the project's expected NPV and the standard deviation of NPV-Should the base case analysis use the most likely NPV or the excepted NPV
Compute the amount of Supplies expense, Salary expense, and Service revenue to report on the Superior International income statement for 2012.
Bryant Company has obtained the following data about a possible planned investment: Compute the net present value of the investment. Compute the payback period.
Prepare the two journals to record the allocation of profit as at 30th June 2014, using Method 2 and prepare the Retained Earnings account for John as at 30th June 2014.
Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Netpurchases were $120,000 at cost and $170,000 at retail. Net markups were $10,000; netmark downs were $7,000; and sales revenue was $147,000. Compute ending inventory at c..
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