External link to Q1. MARC CORP HAS THE FOLLOWING PRELIMINARY INVENTORY DATA AT DEC 31, 2013 INVENTORY COST 32000

Q1. MARC CORP HAS THE FOLLOWING PRELIMINARY INVENTORY DATA AT DEC 31, 2013 INVENTORY COST 32000

500 MARK RECORDED THE FOLLOWING ADJUSTING ENTRY TO FINALIZE THE 2013 FS: LOSS DUE TO MARKET DECLINE OF INVENTORY                                       150                           INVENTORY ALLOWANCE                                                                     150 REQUIRED: WHAT IS THE INVENTORY MARKET VALUE AT 12/31/13      Q2. TEXAS CORP HAS THE FOLLOWING INVENTORY DATA FOR 2014 BEGINNING UNITS                                                                                               3500 ENDING UNITS                                                                                                      6500 COST IN EXCESS OF MARKET PER/UNIT AT BEG 2014                                         5 REPLACEMENT COST PER UNIT AT END OF 2014                                               49 2014 REDUCTION IN […]

External link to Cost of Trade Credit A large retailer obtains merchandise under the credit terms of 1/10, net 35, but routinely takes 50 days to pay its bills.

Cost of Trade Credit A large retailer obtains merchandise under the credit terms of 1/10, net 35, but routinely takes 50 days to pay its bills.

Cost of Trade Credit A large retailer obtains merchandise under the credit terms of 1/10, net 35, but routinely takes 50 days to pay its bills. (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) What is the retailer’s effective cost of trade credit? Assume 365 days in year for your calculations. Do not round intermediate calculations. Round […]

External link to My spouse and I are in the process of buing a $275,000 home with a $55,000 cash down payment and the four options have been presented to us:

My spouse and I are in the process of buing a $275,000 home with a $55,000 cash down payment and the four options have been presented to us:

My spouse and I are in the process of buing a $275,000 home with a $55,000 cash down payment and the four options have been presented to us:1.30year loan @ 10% without any points or 7% with tree points paid upfront. Whicn one is better? Why?2.What will be additional monthly payment of $100 to do the term of our loan and how much would we […]

External link to On January 2, 2018, Baltimore Company purchased 7,000 shares of the stock of Towson Company at $11 per share.

On January 2, 2018, Baltimore Company purchased 7,000 shares of the stock of Towson Company at $11 per share.

On January 2, 2018, Baltimore Company purchased 7,000 shares of the stock of Towson Company at $11 per share. Baltimore did NOT obtain significant influence as the purchase represents a 15% ownership stake in Towson Company. On August 1, 2018, Towson Company paid cash dividends of $17,000. Baltimore Company intended this investment to a long-term investment. On December 31, 2018, Towson Company reported $65,000 of net income for FY […]

External link to Frederick Company has two service departments (Cafeteria Services Maintenance).Frederick has two production departments (Assembly Department …

Frederick Company has two service departments (Cafeteria Services Maintenance).Frederick has two production departments (Assembly Department …

Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has two production departments (Assembly Department & Packaging Department.) Frederick uses a step allocation method where Cafeteria Services is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Cafeteria Services has costs of $190,000 and Maintenance has costs of $190,000 before any allocations. What amount of Maintenance total cost […]

External link to For each price in the following table, calculate the firm’s optimal quantity of units to produce, and determine the profit or loss if it produces at

For each price in the following table, calculate the firm’s optimal quantity of units to produce, and determine the profit or loss if it produces at

For each price in the following table, calculate the firm’s optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the previous graph to identify its total variable cost. Assume that if the firm is indifferent between producing and shutting down, it will produce. (Hint: You can select the purple points [diamond symbols] […]

External link to The following data are available from the accounting records of Jones Co for the month ending May 31, 2014.

The following data are available from the accounting records of Jones Co for the month ending May 31, 2014.

The following data are available from the accounting records of Jones Co for the month ending May 31, 2014.  17,000 units were manufactured and sold during the accounting period at a prince of $60 per unit.  There was no beginning inventories and all units were completed (no work in process). CostTotal CostNumber of UnitsUnit CostManufacturing CostVariableFixedTotal$442,000170,000612,0001700017000261036Selling and Administrative ExpensesVariable ($2 per unit sold)FixedTotal34,00032,00066,000Prepare a variable […]

External link to Sharon Samson owns Reliable Waterworks, which provides plumbing service. Transactions of Reliable Waterworks during the first year of operations are…

Sharon Samson owns Reliable Waterworks, which provides plumbing service. Transactions of Reliable Waterworks during the first year of operations are…

Sharon Samson owns Reliable Waterworks, which provides plumbing service. Transactions of Reliable Waterworks during the first year of operations are given below: Sharon contributed $14,000 into a new checking account for the business and recorded capital contribution. Paid $2,000 for equipment to be used for plumbing repairs Borrowed $15,000 from a local bank and deposited the money in the checking account Paid $600 as rent […]

External link to Come up with five (5) questions covered in textbook. (For instance, like the questions you’ve been helping me answer.

Come up with five (5) questions covered in textbook. (For instance, like the questions you’ve been helping me answer.

Hello Writer, Using the textbook, please skim over chapters 11 & 12. Come up with five (5) questions covered in textbook. (For instance, like the questions you’ve been helping me answer.) Those are questions generated from classmates. Each week, a group of students partake in facilitating the discussion with questionnaires.   Thank you. You always deliver the best of the best.  Question 1:The demand of […]

External link to Please do not use such word as ‘I, my our we etc.’ SUBJECT :

Please do not use such word as ‘I, my our we etc.’ SUBJECT :

Please do not use such word as ‘I, my our we etc.’ SUBJECT : Cupcake business In your spare time, you and your team mates have gotten really good at making gourmet cupcakes and everyone who’s tasted your stuff says you should go into business, because it tastes much better than anything out there now!  You seem to have a knack for putting together unlikely […]

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