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working backward inventory turnoverit takes bradley retailers 90 days on average to sell its inventory the company
transfer of title to inventoryfor each of the following transactions indicate which company should include the
working backward gross profit ratioacmes gross profit ratio increased by 20 over the prior year net sales and cost of
accrual basis of accountingfor the following situations indicate the date on which revenue would be recognized assuming
measurement in financial statementswhat are two possible attributes to be measured when an item is to be included in
purchase and sale of bondsstarship enterprises enters into the following transactions during 2014 and 20152014jan 1
certificate of depositon may 31 2014 elmer corp purchased a 120-day 9 certificate of deposit for 50000 the cd was
working backward accounts receivable turnoverit takes carlson corp 30 days on average to collect its accounts
allowance method of accounting for bad debts comparison of the two approacheskandel company had the following data
accounts receivable on the statement of cash flowswildcat started the year with 25000 in accounts receivable and ended
accounting for credit card saleson july 20 wolverine presents credit card receipts to its bank in the amount of 10000
explain various techniques that companies use to accelerate the inflow of cash from salesbull to be competitive
concert tickets sold in advancerock n roll produces an outdoor concert festival that runs from june 28 2014 through
subscriptionshorse country living publishes a monthly magazine for which a 12-month subscription costs 30 all
prepaid insurance-annual adjustmentson april 1 2014 briggs corp purchases a 24-month property insurance policy for
working backward depreciationpolk corp purchased new store fixtures for 55000 on january 31 2012 polk depreciates
working backward prepaid insuranceon december 31 2014 baxter company reported 8000 in prepaid insurance on its balance
comparing the income statement and the statement of cash flowson january 1 campus internet connection opened for
revenue recognitionexplain whether a company must have an inflow of an asset to be able to recognize revenue also give
accounts and notes receivablelenox corp sold merchandise for 5000 to m baxter on may 15 2014 with payment due in 30
investments in stockatlas superstores occasionally finds itself with excess cash to invest and consequently entered
cash collections-direct methodemily enterprises comparative balance sheets included accounts receivable of 224600 at
working backward accounts receivable and the statement of cash flowstroy corps statement of cash flows reported an
investment in stockon august 15 2014 cubs corp purchases 5000 shares of common stock in sox inc at a market price of 15