Prepare all necessary journal entries made by Needham. Show the balance sheet presentation of the assigned accounts receivable and any related liabilities at August 31. Prepare all necessary journal entries made by Needham assuming these changes in the given scenario: The transaction qualifies under U. S. GAAP as a sale with recourse. The assessed monthly finance charge increases the Loss on sale of receivables account and is offset by a credit to Due from factor. Although Needham has guaranteed the transferred accounts, their high quality makes nonpayment unlikely.

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.