The transactions listed below are typical of those involving amalgamated textiles and american fashions. amalgamated is a wholesale merchandiser and american fashions is a retail merchandiser. assume all sales of merchandise from amalgamated to american fashions are made with terms n/60, and the two companies use perpetual inventory systems. assume the following transactions between the two companies occurred in the order listed during the year ended december 31. a. amalgamated sold merchandise to american fashions at a selling price of $270,000. the merchandise had cost amalgamated $191,000. b. two days later, american fashions returned goods that had been sold to the company at a price of $27,500 and complained to amalgamated that some of the remaining merchandise differed from what american fashions had ordered. amalgamated agreed to give an allowance of $9,000 to american fashions. the goods returned by american fashions had cost amalgamated $19,270 c. just three days later, american fashions paid amalgamated, which settled all amounts owed required: 1. for each of the events (a) through (d), indicate the amount and direction of the effect on amalgamated textiles in terms of the following items. (enter any decreases to account balances with a minus sign.) sales allowances transaction sales revenues sales returns net sales cost of goods sold gross profit a. c.
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A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?
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The transactions listed below are typical of those involving amalgamated textiles and american fashi...
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