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Both copmanies are using indirect method for preparing the operating activities section. In this method, cash from operating activities is derived from adjustment to net porfit.
Posted On: Feb. 9, 2018
Author: Shipra




Expected cost of goods sold = 25% of $800000 $200,000.00 Purchases during next month = Expected Cost of Goods sold + Ending Inventory – Opening Inventory $212,000.00...
Posted On: Feb. 9, 2018
Author: Shipra




1)      Variable costs are 40% of sales price at 4$ per unit. Calculate sales price and contribution margin. If fixed costs are $4,000 per month, what is break even sales? If the company wishes ...
Posted On: Feb. 9, 2018
Author: Shipra




total variable cost per unit Total variable cost for 6000 units Add: fixed cost Total cost for 6000 units Markup Total transfer price Transfer price per unit
Posted On: Feb. 9, 2018
Author: Shipra




Question 3 : Solution Date Journal Description Debit Credit $ $ July 1,20X6 Investment in GPI’s stock 800,000 To Cash 800,000 (Record the acquisition of 30% of GPI Inc sto...
Posted On: Feb. 9, 2018
Author: Shipra




Amount in allowance for doubtful account Estimated uncollectible accounts Amount to be debited to uncollectible accounts expenses Amount in allowance for doubtful account ...
Posted On: Feb. 9, 2018
Author: Shipra




POST CLOSING TRIAL BALANCE AS ON 31 DECEMBER 2012 PARTICULARS DEBIT AMOUNT($) CREDIT AMOUNT($) Owners Equity 306083 Salary payable 740 Note payable 10067 Accounts Payable 21450 Matt Co....
Posted On: Feb. 9, 2018
Author: Shipra




January 1,20X3 Investment in Able Ltd To Cash (Record the acquisition of 300 Able Ltd stock)
Posted On: Feb. 9, 2018
Author: Shipra




Numeric Nonnumeric Critical Facts: Models do not make decisions - People do! All models, however sophisticated, are only partial representations of the reality the are meant to reflect
Posted On: Feb. 9, 2018
Author: Shipra




Opening cash Realisation from sales Total cash inflows Disbursement from merchandise purchases Selling and administrative expenses paid Sales commiosson Wages and salaries Utilities M...
Posted On: Feb. 9, 2018
Author: Shipra




(a) Cash balance per bank statement ADD Bank Charges LESS Outstanding checks Adjusted balance per bank Cash balance per books ADD Collection of Notes rece...
Posted On: Feb. 9, 2018
Author: Shipra




This transfer value has been considered as 200400 in the pocess costing solved. Hence, there is difference in cost, and the materials has been overcharged by this extent. Moreover, ...
Posted On: Feb. 9, 2018
Author: Shipra




Proposal for Building Sports Facility for employees
Posted On: Feb. 9, 2018
Author: Shipra




The marketing mix is the set of controllable, tactical marketing tools that the firm blends to produce the response it wants in the marketplace. Consists of everything controllable, tactical the f...
Posted On: Feb. 9, 2018
Author: Shipra




Refer ro M13.1. Perform the calculation needed for vertical analyses. Round percentages to one decimal place.
Posted On: Feb. 9, 2018
Author: Shipra




Top managers of McDonough Products, Inc., have asked for your help in comparing the company’s profit performance and financial position with the average for the industry. The accountant has given y...
Posted On: Feb. 9, 2018
Author: Shipra




No Account title 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation- office equipment 167 Comput...
Posted On: Feb. 9, 2018
Author: Shipra




Outstanding Loan Amount $ 2,000,000 Remaining Tems Year 5 Interest Rate LIBOR + 2% Fixed Interest rate 8% For Year 2016 Fixed Rate Interest with Fixed Rate $ 160000 Remanin...
Posted On: Feb. 9, 2018
Author: Shipra




Module 5.1 Intermediate Financial Reporting 1 Answer is c) $ 197,000 Week 5 Quiz GIC Books of Accounts Date Account Name Debit Credit Year 20X5 $ $ November 30, 20X5 Invest...
Posted On: Feb. 9, 2018
Author: Shipra




What is my profit? $182.75 Available capital $200.00 Working hours required 12 must be less than or equal to 12 Total cost of ingredients 77.25 must be less than or equal to $200....
Posted On: Feb. 9, 2018
Author: Shipra