Business, 03.03.2020 04:32 Mariela2699
At December 31, John Photography Supplies estimated that approximately 5 % of merchandise sold will be returned. Sales Revenue for the year was $ 90 comma 000 with a cost of $ 58 comma 000 . Journalize the adjusting entries needed to account for the estimated returns.
Answers: 3
Business, 21.06.2019 17:40
Which of the following is the least risky? collectables stock savings bond savings account
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Business, 21.06.2019 20:30
What is the most important type of decision that the financial manager makes?
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Business, 22.06.2019 15:30
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
Business, 22.06.2019 17:30
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
Answers: 2
At December 31, John Photography Supplies estimated that approximately 5 % of merchandise sold will...
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