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you have been offered a job with an unusual bonus structure as long as you stay with the firm you will get an extra
burke company has purchased two tracts of land one tract will be the site of its new manufacturing plant while the
you have an investment opportunity that requires an initial investment of 5000 today and will pay 6000 in one year what
calico corners decides to sell 400000 of its accounts receivable to first central factors inc first central factors
you are thinking about buying a savings bond the bond costs 50 today and will mature in 10 years with a value of 100
you are thinking about buying a piece of art that costs 50000 the art dealer is proposing the following deal he will
a rich relative has bequeathed you a growing perpetuity the first payment will occur in a year and will be 1000 each
a rich aunt has promised you 5000 one year from today in addition each year after that she has promised you a payment
a friend asks to borrow 55 from you and in return will pay you 58 in one year if your bank is offering a 6 interest
open the following t accounts cash repair supplies repair equipment accounts payable t ornega capital withdrawals
clarissa company has credit sales of 400000 during 2010 and estimates at the end of 2010 that 2 percent of these credit
carolyn keene inc decided to establish a petty cash fund to help ensure internal control over its small cash
on october 3 valley clothing inc reacquired 10000 shares of its common stock at 9 per share on november 15 valley
on february 1 motorsports inc reacquired 7500 shares of its common stock at 30 per share on march 15 motorsports sold
classify each of the following business activities as an operating an investing or a financing activitya acquiring
classify each of the following items as a accounts receivable b notes receivable c trade receivables d nontrade
leon bear started a computer programming business bears programming service for each transaction that follows indicate
colby company which uses the allowance method has accounts receivable of 54000 and an allowance for uncollectible
barnes industries had the following transactions1 borrowed 5000 from the bank by signing a note2 paid 3100 cash for a
common receivables termsterms1 account receivable2 promissory note3 borrower4 note receivable5 maturity date6
1 you want to have 1 million to use for retirement in 35 years if you can earn 1 per month how much do you need to
if the general fund of a certain city needs 6720000 of revenue from property taxes to finance estimated expenditures of
thibodeau company has the following merchandise account balances sales revenue 195000 sales discounts 2000 cost of
superior co a furniture wholesaler sells merchandise to beta co on account 11500 terms 215 n30 the cost of the
stuckey co sold merchandise to bullock co on account 5250 terms 215 n30 the cost of the merchandise sold is 3150