Question: 1. Jazeera Publishing House produces consumer magazines. The house and home division which sells home improvement and home decorating magazines, has seen a 20% reduction in operating income over the past nine m ...
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SCENARIO - Terri has an annual contract with Jackson Mortgage Brokers to provide property maintenance services; this includes lawn care, snow removal and parking lot maintenance. Terri spends, on average, 20 hours per we ...
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Question - During the past few years, ABC Company has taken out the following loans from the bank: 1. On August 1, 2017, ABC Company borrowed $18,000 on a 9%, 11-month note payable. 2. On February 1, 2018, ABC Company bo ...
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Question - Poe, Inc. had the following bank reconciliation at March 31, year 2: Balance per bank statement, 3/31/Y2 $46,500 Add deposit in transit 10,300 56,800 Less outstanding checks 12,600 Balance per books, 3/31/Y2 $ ...
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Question - The following list of accounts appear in alphabetical order and were taken from ABC Corporation's ledger as of December 31, 2018. The Accounts Payable records were missing. Accounts Payable $? Inventory $7,000 ...
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Question - The following information pertains to Hagen Metal Work's ending inventory for the current year: Item Quantity Unit Cost Unit Market Value C 90 $24 $16 D 75 22 20 K 40 25 28 M 22 15 17 Required - a. Determine ...
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Question - Personal Budget At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on Dec ...
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Question - During 2017, Crimson Inc. purchased $2,775,000 of inventory. The cost of goods sold for 2017 was $2,635,938 and the ending inventory at December 31, 2017 was $544,688. What was the inventory turnover for 2017?
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Question - Alpha Corp. had 15,000 of dividends in arrears for, cumulative, non-participating preferred stock as of January 1, 2018. This value of dividend in arrears was for the fiscal years 2016 & 2017. During fiscal ye ...
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Question - Assume that on January 1, 2017, Elmer's Restaurants sells a computer system to Liquidity Finance Co. for $680,000 and immediately leases the computer system back. The relevant information is as follows. 1. The ...
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