information that is not generally known to the public. Ch. 5 8. a. Inv-Sale = Ave. Inventories (CGS / 365) ( (500k+400k)/2 ) / (900k/365) = 182.5 days b. Sales – Cash = Ave Receivables (Net Sales/365) =( (280k+200k)/2 ) / (1.5M/365) = 58.4 days C. Purchase-Pmt = Ave Payables + Ave Accrued Liabilities (COGS / 365) = (160k+130k)/2+(70k+50k)/2 / (900k/365) = 83.1 D. CCC= 182.5 + 58.4 – 83.14 = 157.8 9. a | 2009 | 2010 | Net Sales | $900‚000 | $1‚500‚000 | Net
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This work comprises ACC 201 Week 3 Assignment GAAP Ethics Business - Accounting Read ATC 6-5 of Chapter 6 and answer part a. Additionally‚ given what you have learned about financial accounting so far‚ think of as many ways that you could “adjust” the financial records to make your company look better yet still follow GAAP and ethical guidelines. (Hint: think of the choices that can be used in the various accounting methods you have learned: i.e.‚ inventory valuation methods.) When
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E13-11 (a) Prepare 2014 entries for Crow using the expense warranty approach. Assume that Crow estimates the total cost of servicing the warranties will be $120‚000 for 2 years. Warranty Liability………….$20‚000 Warranty Cash …………………...$20‚000 (Warranty cash incurred) Warranty Expense …............120‚000 Warranty Liability……………….....120‚000 (To accrued estimated warranty cost) (b) Prepare 2014 entries for Crow assuming that the warranties are not an integral part
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In this document ACC 306 Week 3 Problem 16-7 you will find: Sherrod‚ Inc. - Multiple differences; a. calculate taxable income; balance sheet classification Business - Accounting Week 3 Required Readings a. Chapter 16: Accounting for Income Taxes b. Chapter 17: Pensions and Other Postretirement Benefits Discussions 1. 1st Posting Due by Day 3. Accounting Changes and Error Correction. From Chapter 16 complete Integrating Case 16-5 and post the answers to the
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Individual Summary Question One ACC-290 March 3rd 2014 Individual Summary Question One It is commonly known that most commercial and general accounting principles use accrual based accounting over cash based accounting. Accrual based accounting is more advanced than cash based accounting so that is why most accountants chose this over the latter. Cash based accounting is when revenues are recognized when cash is received and when expenses are recognized when cash is paid. Cash based accounting
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Question No. 3 (a) 6 Marks Solution The following financial data apply to the DVD production plant of ABC Company for the month of July: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing costs Budgeted Costs per DVD $ 1.500 $ 0.800 $ 0.700 $ 1.000 $ 4.000 Variable manufacturing overhead varies with respect to units produced. Fixed manufacturing overhead as per above financial date is based on the followings:
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Question 1.1 Tried and True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Blacksburg 12‚000/60=200 Problem 1-2 Tried and True’s accountant (from Problem 1-1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Annandale pays the highest average wage at $6.75 an hour. Blacksburg pays $6.50 an hour‚ Charlottesville
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go to this address to get the tutorial: http://homeworkfox.com/tutorials/business/512/acc-423-week-5-wileyplus-assignment-exercises/ ACC 423 Week 5 WileyPlus Assignment - Exercises Business - Accounting ACC423 P13-9 P20-4 E21-7 P22-6 P13-9 (Premium Entries and Financial Statement Presentation) Sycamore Candy Company offers a CD single as a premium for every five candy bar wrappers presented by customers together with $2.50. The candy bars are sold by the company to distributors for 30
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Final Project Leroy Six IT/210 1-22-12 Robert Estey Final Project Application-Level Requirements List 1. The program will present a series of user screens that prompts the user for specified input. 2. The main user screen will have an application title. 3. The main user screen should have a short description saying how to use the program. 4. The calculation should be executed only after all the valid input values are provided. 5. The program shall allow the user to clear all the input
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ACC 205 WEEK 3 COMPLETE WORK to purchase this‚ visit here http://www.coursehomework.com/product/acc-205-week-3-complete-work/ ACC 205 WEEK 3 COMPLETE WORK ASSIGNMENT: ACC 205 Week Three Exercise Solution 1. Specific identification method: 2. Inventory valuation methods: 3. Perpetual inventory system: 4. Inventory valuation methods: 5. Depreciation methods: 6. Depreciation computations: 7. Depreciation computations: ACC205_Week_Three_Exercise_Assignment: Inventory 1. Specific identification method
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