Entries by Grace Wahito

(TCO 3) Cindy’s Limo Service provides transportation services in and around Middleville.

February 12, 2020 in /by

(TCO 3) Cindy’s Limo Service provides transportation services in and around Middleville. Its profits have been declining, and management is planning to add a package delivery service that is expected to increase revenue by $275,000 per year. The total cost to lease additional delivery vehicles from the local dealer is $60,000 per year. The present manager […]

 

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This question was created from ACCT504_W3_Case_Study_rbass https://www.coursehero.com/file/15402750/ACCT504-W3-Case-Study-rbass/

February 12, 2020 in /by

This question was created from ACCT504_W3_Case_Study_rbass https://www.coursehero.com/file/15402750/ACCT504-W3-Case-Study-rbass/ my question is when you are debiting the equipment, on the credit side, do you put two entries? as you paid cash 1500 then put on account 10000 so this would be added as account payable?   Looking for a Similar Assignment? Order now and Get 10% Discount! […]

 

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This question was created from ACCT504_W3_Case_Study_rbass

February 12, 2020 in /by

This question was created from ACCT504_W3_Case_Study_rbass These supplies were bought on account for 900, now we are paying 500 on that account Would this be entered as supplies expense 500? then accounts payable on credit side for 500   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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In evaluating product profitability, ignore marketing costs because they are not considered product costs.

February 12, 2020 in /by

In evaluating product profitability, ignore marketing costs because they are not considered product costs. Do is this an agreeable statement?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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