Our book distribution division sells to national bookstores. O Our book distribution division sells to national bookstores. Our division allows for up to 25% of sales in returns. For the past 4 years, returns have averaged 20%. We record revenue based on revenue recognition when the right of return exists. Total Sales for 2012 $ […]
The Cash T-account has a beginning balance of $12,000 (debit). During the year, $78 The Cash T-account has a beginning balance of $12,000 (debit). During the year, $78,000 was debited and $85,000 was credited to the account. What is the ending balance of Cash? Okay, so I know Assets = liabilities + stockholders Equity. Please […]
“Classify each of the following costs incurred by Deer Valley Kitchen as fixed, var “Classify each of the following costs incurred by Deer Valley Kitchen as fixed, variable, or mixed. a. Cooks salaries at a particular location relative to the number of customers. b. Cost of supplies (cups, plates, spoons, etc.) relative to the number […]
Cash dividends on common stock are most often paid Choose one answer. a. semi-annua Cash dividends on common stock are most often paid Choose one answer. a. semi-annually b. annually c. quarterly d. weekly e. monthly
Balcom Corporation acquires a coal mine at a cost of $1,500,000. Intangible develop Balcom Corporation acquires a coal mine at a cost of $1,500,000. Intangible development costs total $360,000. After extraction has occurred, Balcom must restore the property (estimated fair value of the obligation is $180,000), after which it can be sold for $510,000. Balcom […]
Classical’s products carry a one-year warranty against manufacturers defects. Based on previous experience, warranty costs are expected to approximate 4% of sales. Sales were $2 million (all credit) for 2013. Actual warranty expenditures were $30,800 and were recorded as warranty expense when incurred. What would be the year end entry for this contingency? Classical’s products […]
Let R(1/5,-2) be a point on the parabola y^2=20x. Let R(1/5,-2) be a point on the parabola y^2=20x. Find the coordinates of the point Q where the focal chord (5x-12y+25=0) cuts the directrix
Classify each of the following items as owner’s drawing, revenue, or expense Classify each of the following items as owner’s drawing, revenue, or expense. (a)Advertising expense,(b) Commission revenue,(c)Insurance expense,(d)Salaries Expense,(e)Bergman, Drawing,(f)Rent revenue, (g)Utilities expense
The City of Bedford is studying a 600-acre site on Route 356 for a new landfill. Th The City of Bedford is studying a 600-acre site on Route 356 for a new landfill. The startup cost has been calculated as follows: Purchase cost: $450 per acre Site preparation: $175,000 The site can be used for […]
-7 Suppose rRF = 9%, rM = 14%, and bi = 1.3. ‘ a. What is ri, the required ra -7 Suppose rRF = 9%, rM = 14%, and bi = 1.3. ‘ a. What is ri, the required rate of return on Stock i? ‘ b .Now suppose rRF (1) increases to 10% or […]