Business, 25.10.2019 18:43 karinagonzale80
Mandarin partners appropriately uses the installment-sales method of accounting to recognize income in its financial statements. the following information is available for 2010 and 2011. - 2010 2011 installment sales $300,000 $750,000 cost of installment sales 255,000 660,000 cash collections on 2010 sales 70,000 201,000 cash collections on 2011 sales –0– 216,000 instructions : (a) compute the amount of realized gross profit recognized in each year (check your gross profit recognized in 2011 = 56,070). (b) prepare all journal entries required in 2011.
Answers: 3
Business, 22.06.2019 00:40
The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)
Answers: 3
Business, 22.06.2019 05:30
Financial information that is capable of making a difference in a decision is
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Business, 22.06.2019 05:50
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
Business, 22.06.2019 09:20
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
Mandarin partners appropriately uses the installment-sales method of accounting to recognize income...
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