Journal entry to reflect the sale transactions
Jolly's Corner Market made credit sales during the month of October of $225,000. The sales are subject to a 6% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions?
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The firm had a net profit after taxes of $5.15 million. Prepare the statement of retained earnings for the year ended December 31, 2012.
Evaluate the factors that help to determine that market value of stock. Consider the factors that are most relevant to today's economy and list three (3) that impact the market value the most.
Card Co. acquired 80% of the common stock of Dana Corp. for $1,600,000. The fair value of Dana's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Dana Corp.
Montalvo Company uses special journals and a general journal. The following transactions occurred during September 2010.Sept 2 Sold merchandise on account to T.
Suppose investors can earn a return of 2% per 6 months on a Treasury note with 6 months remaining until maturity. What price would you expect a 6-month maturity Treasury bill to sell for?
Monroe Company owes $1 million that is due on January 15. The company borrows $600,000 on January 8 (5-year note) and uses the proceeds to pay down the $1 million note and uses other cash to pay the balance.
A test has a mean of 104 and a standard deviation of 16. We want to be 98% certain that we are within 4 points of the true mean. What is the required sample size?
A coin that has been altered so that the probability of ?ipping heads is 0.4 is ?ipped twice. Let X be the number of heads ?ipped on the ?rst toss and let Y be the total number of heads in the two tosses. Calculate the covariance of X and Y.
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