Four-month note receivable
O february 1 Platt Company received a $9,000 10% four-month note receivable. The cash to be received by platt Company when the note becomes due is?
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Marsh Corporation purchased a machine on July 1, 2008, for $750,000. The machine was estimated to have a useful life of 10 years with an estimated salvage value of $42,000.
Schoenfeld Corporation is developing direct labor standards. The basic direct labor wage rate is $10.00 per hour. Employment taxes are 9% of the basic wage rate.
Pankratov Lakes is a new recreational real estate development which consists of 500 lake-front and lake-view lots. As a special incentive to the first 100 buyers of lake-view lots, the developer is offering 3 years of free financing on 10-year.
Division A sells soybean paste internally to Division B, which in turn, produces soybean burgers that sell for $5 per pound. Division A incurs costs of $0.75 per pound while Division B incurs additional costs of $2.50 per pound.
Walker has current sales of $600,000 and variable costs of $360,000. fixed costs are equal to $200,000. The marketing mgr is considering a new campaign which will increase fixed costs by $10,000. She anticipates that the campaign will cause a sale
On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred.
Richard Delgado invested $10,000 in a money market account that will pay 5.75 percent compounded daily. How much will the interest-on-interest be after two years?
Danny's Fish Camp has sales of $1,500,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.
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