Partial balance sheets and additional information are listed below for monaco company. monaco company partial balance sheets as of december 31 2018 2017 assets cash $ 43,000 $ 21,500 accounts receivable 63,000 93,000 inventory 26,500 43,000 liabilities accounts payable $ 61,500 $ 75,000 additional information for 2018: net income was $273,000. depreciation expense was $33,000. sales totaled $830,000. cost of goods sold totaled $308,000. required: prepare the summary entry for the amount of cash paid to merchandise suppliers during 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Which are the best examples of costs that should be considered when creating a project budget?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a: