CH 5 – Gross Balance Before Deductions
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given allowance and accounts receivable… determine gross balance before deductions.
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Given allowance and accounts receivable… determine gross balance before deductions.
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Given the amount of goods sold and credit terms… determine how much would be debited to cash.
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Given the accounts receivable balance at the beginning and end of the year, sales, and write-offs… determine how much cash was collected.
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Given the information on the guided tours and the transactions – create a journal entry for each transaction.
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Calculate the holding-period return for a stock investment based on the initial and final stock prices.
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Determine the nominal (not effective) annual percentage rate of return for a Treasury bill investment, given the purchase price, par value, and maturity period.
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Find the arithmetic average of a given set of percentage returns.
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Find the arithmetic average of a set of three percentage values.
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Find the geometric average of a set of three percentage changes.
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Determine the geometric average return of a set of quarterly returns.
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