Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.) a. Sold merchandise for cash, $24,750. The cost of the goods sold was $14,850. (Record the sale first.) b. Sold merchandise on account, $8,800. The cost of the goods sold was $5,280. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $104,710. The cost of the goods sold was $62,830. (Record the sale first.) d. Sold merchandise to customers who used American Express, $37,690. The cost of the goods sold was $22,610. (Record the sale first.) e. Received and paid an invoice from National Clearing House Credit Co. for $7,670, representing a service fee paid for processing MasterCard, VISA, and American Express sales.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

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.

During his last performance review, franco's boss urged him to set some short-term and long-term sales goals to him perform better at work. which workplace skill does franco's boss want him to improve?