Ngân hàng phát hành một thư tín dụng dự phòng tuân thủ UCP600 để đảm bảo cho giao dịch thanh toán theo hình thức "open account" (Ghi sổ). Thời hạn thanh toán theo hình thức ghi sổ được các bên của Hợp đồng thỏa thuận là thanh toán sau 60 ngày kể từ ngày giao hàng lên tàu. Thư tín dụng dự phòng yêu cầu xuất trình: Hối phiếu, bản tường trình về việc vi phạm nghĩa vụ thanh toán do người hưởng lợi ký, hóa đơn thương mại và bản sao vận đơn đã xếp hàng lên tàu. Trong thư tín dụng dự phòng cũng quy định không được xuất trình chứng từ cho đến khi có sự vi phạm nghĩa vụ thanh toán của người mua Ngân hàng phát hành gửi thông báo về việc từ chối thanh toán với nội dung như sau: "Chúng tôi từ chối thanh toán vì có bất hợp lệ trên Vận đơn: Bản sao vận đơn đã được xuất trình chậm hơn 21 ngày kể từ ngày giao hàng, điều này trái với quy định về việc xuất trình chứng từ quy định trong UCP 600 điều 14 (c)". Vậy, từ chối thanh toán trên của Ngân hàng có được chấp nhận không? Giải thích.

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period