How much interest revenue should be reported
Cohen Company issued a 10% note receivable for $20,000 on August 1, 2010. The note has a maturity date of July 31, 2013. How much interest revenue should be reported for the year 2010 for this note?
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A company uses a process cost accounting system and the Weighted Average inventory valuation method. Its Assembly Department's beginning inventory consisted of 50,000 units.
On June 30, 2008, Thorpe Company's total current assets were $250,000 and its total current liabilities were $125,000. On July 1, 2008, Thorpe issued a long-term note to a bank for $25,000 cash.
Mabel Miller is paid monthly. For the month of September, she earned a total of $6,200. FICA tax for social security is 6.2% and the FICA tax for Medicare is 1.45%.
Suppose the manager enters into the contract at the price you found in Part A. Now, 75 days later, the stock price is $55.75. Determine the value of the forward contract at this point.
Front Company had net income of $72,500 based on variable costing. Beginning and ending inventories were 800 units and 1,200 units, respectively.
The following percentages apply to Walton Company for 2007 and 2008. Assuming that sales were $480,000 in 2007 and $640,000 in 2008, prepare income statements for the two years.
Use the library, Internet, and other available resources to develop a 6-8 page research proposal that includes the following: Introduction to your topic "Police Discretion" and related issues (variables)
Gilchrist Manufacturing has a current ratio of 3:1 on December 31, 2008. Indicate whether each of the following transactions would increase (1), decrease (2), or have no affect (NA) Gilchrist's current ratio and its working capital.
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