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3 years ago

The following data is obtained from the general records in the shipping department at Rapid Parcel Delivery Company for August:

Business

1 answer:

solong [7]3 years ago

3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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Lori's Company has the following items: cash in a checking account, $ 9 comma 000$9,000; cash in a savings account, $ 7 comm

Brut [27]

Answer:

$15,576 should appear as Cash and Cash Equivalents on the balance sheet

Explanation:

Cash and Cash Equivalents

= Cash in a checking account + Cash in saving account + High-grade government securities

= $5,000 + $7,000 + $3,576

= $15,576

Therefore, $15,576 should appear as Cash and Cash Equivalents on the balance sheet

6 0

3 years ago

To get a complete picture of your target market, you must do Question 2 options: door-to-door surveys. primary research. seconda

WITCHER [35]

Primary research To get a complete picture of your target market,

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3 years ago

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Which sentences in the passage correctly describe the intermediaries in the distribution process?

pshichka [43]

Answer:

sentence C and D

Explanation:

choose both sentences!!

"Distributors facilitate the logistics function of storing goods at a suitable location until they can be dispatched. They also finance the sale at times, which implies that they provide credit to retailers."

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3 years ago

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Texarkana Company exchanged equipment that cost $85,000 and has accumulated depreciation of $29,800 and a fair value of $60,000.

viva [34]

Answer:

$4,800

Explanation:

Data provided in the question:

Cost = $66,000

Accumulated depreciation = $30,000

Book value = Cost - Accumulated depreciation

= $66,000 - $30,000

= $36,000

Now,

Fair value = $48,000 + $12,000

= $60,000

Thus,

Gain = $60,000 - $36,000

= $24,000

Therefore,

Gain to be recognized = $24,000 × [ 12,000 ÷ 60,000 ]

= $4,800

4 0

3 years ago

he following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 30%

natita [175]

Answer:

The total equivalent units for conversion costs is 40,600.

Explanation:

Under the first-in, first-out method, units that were incomplete for last year are the first to be completed, followed by units started during the year.

<u>Calculation of the total equivalent units for conversion costs :</u>

To Finish Opening Work In Process (5,000 × 70%) = 3,500

Started and Completed ((40,500 - 5,000) × 100 %) = 35,500

Closing Work In Process ( 4,000 × 40%) = 1,600

Total equivalent units for conversion costs = 40,600

Conclusion :

The total equivalent units for conversion costs is 40,600.

5 0

3 years ago