Cost Recovery Analysis Hatch Enterprises uses the cost recovery method for all installment sales Complete the followingtable 5 2010 2011 2012 $92,000 $103,000 Installment sales Cost of installment sales Gross profit percentage Cash collections 62,830 74,750 35 2,200 43 450 36 48,300 36,600 27,200 2...

2010 2011 2012 Installment sales 92000 103000 115000 Cost of installment sales 58880 62830 74750 Gro ...

Cost Recovery Analysis Hatch Enterprises uses the cost recovery method for all installment sales. Complete the followingtable.

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Cost Recovery Analysis Hatch Enterprises uses the cost recovery method for all installment sales. Complete the followingtable.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:10 AM

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Cost Recovery Analysis Hatch Enterprises uses the cost recovery method for all installment sales. Complete the followingtable.

Question:

5 2010 2011 2012 $92,000 $103,000 Installment sales Cost of installment sales Gross profit percentage Cash collections: 62,830 74,750 35% 2,200 43.450 36% 48,300 36,600 27,200 2010 sales 2011 sales 2012 sales 9,250 Realized gross profit on installment sales

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2010 2011 2012 Installment sales 92000 103000 115000 Cost of installment sales 58880 62830 74750 Gro...View the full answer

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