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XZ had an installment sales of $1000000 and cost of installment sales of $ 700000 in 2010 .A 2010 sale resulted in default in 2012 ,at wich timethe balance of the installment receivable was $30000.The repossessed merchandise had a fair value of $150001.Calculate the rate of gross profit on 2010 installment sales2.Make the entry to record the repossession
ravenna company is a merchandiser that uses the indirect method to prepare the operating activities section of its
at the beginning of august hogancamp corporation had 26000 of raw materials on hand. during the month the company
Jane decided to resign from her current job, at which she earned $58,000 each year. She started her own business by using her $100,000 savings on which she was earning 5 % interest. In first year, her revenue was $150,000 and her costs were as fol..
on october 28 2013 mercedes company committed to a plan to sell a division that qualified as a component of the entity
Make a balance sheet and income statement as of December 31, 2003, for Sharpe Manufacturing Company from the following information.
letu2019s say that the month of january ends on a wednesday january 31st. we pay our employees on friday each week.
Prepare the bank reconciliation for this company as of April 30. 2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of April 30.
a business issued a 30-day 4 note for 60000 to a creditor on account. illustrate the effects on the accounts and
in the month of april a department had 500 units in the beginning work in process inventory that were 60 complete.
At least three recommendations you can make, within the context of law and ethics, so each company can improve its financial health.
Suppose that the nominal accounts are nto closed out at the end of the fiscal period. How does it affect accounting data for the next fiscal period?
we examined two very important topics in finance this week capital budgeting and dividend policy.critically reflect on
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