Business, 20.11.2019 17:31 miami158999

Laker company reported the following january purchases and sales data for its only product. date activities units acquired at cost units sold at retail jan. 1 beginning inventory 145 units @ $ 7.00 = $ 1,015 jan. 10 sales 105 units @ $ 16.00 jan. 20 purchase 70 units @ $ 6.00 = 420 jan. 25 sales 85 units @ $ 16.00 jan. 30 purchase 190 units @ $ 5.50 = 1,045 totals 405 units $ 2,480 190 units the company uses a perpetual inventory system. for specific identification, ending inventory consists of 215 units, where 190 are from the january 30 purchase, 5 are from the january 20 purchase, and 20 are from beginning inventory. exercise 5-4 perpetual: income effects of inventory methods lo a1 required: 1. complete comparative income statements for the month of january for laker company for the four inventory methods. assume expenses are $1,300, and that the applicable income tax rate is 40%. (round your intermediate calculations to 2 decimal places.)

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:40

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Answers: 3

Answer

Business, 22.06.2019 16:10

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.

Answers: 2

Answer

Business, 22.06.2019 20:40

Review the wbs and gantt chart you created previously. propose three to five additional activities that would you estimate resources and durations. now, identify at least eight milestones for the recreation and wellness intranet project. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone. add your activities and milestones to your gantt chart, creating a new gantt chart. estimate the task durations and enter dependencies as appropriate. remember that your schedule goal for the project is six months. copy the gantt chart and network diagram to a word document.

Answers: 2

Answer

Business, 22.06.2019 23:00

Which of the following is true of website content? it should be refreshed periodically to keep customers coming back. once the content has been written and proofread it shouldn't be changed. grammatical errors are not a problem because the customer visits the site to purchase a product, not check the site's grammar. it should be limited to text and shouldn't include multimedia.

Answers: 1

Answer

You know the right answer?

Laker company reported the following january purchases and sales data for its only product. date act...

Questions