December 1, $18,000 was received for a service contract to be performed from december 1 through april 30. (b) if the service work for this contract is performed evenly and on a regular basis throughout this period, prepare the adjusting journal entry on december 31.
required: record journal entries for the above transactions. refer to the chart of accounts for exact wording of account titles.
Answers: 3
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Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?
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Answers: 1
December 1, $18,000 was received for a service contract to be performed from december 1 through apri...
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