Business, 06.06.2020 00:01 sarinaneedshelp01
Problem 1, The following data pertain to a single department for the month of October for ABC Company. At Cost At Retail Beginning inventory…………………………..35,000 40,000 Purchase ……………………………………...50,000 80,000 Purchase discount………………………………5,000 15,000 Purchase return and allowance…………………10,000 14,000 Sales (net)…………………………………………………………...70,00 0 Additional markup ………………………………………………….20,000 Markup cancellation ………………………………………………….5,000 Markdown ………………………………………………………….10,000 Markdown cancellation ……………………………………………...6,000 Normal spoilage……………………………………………………..7,000 Normal shortage …………………………………………………….3,000 Abnormal spoilage ………………………………………………….5,000 Required: Compute the estimated cost of ending inventory using: Conventional Retail Method Cost Retail Method Gross Profit Method, if markup percentage is 20 % on cost
Answers: 1
Business, 21.06.2019 19:20
Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes
Answers: 2
Business, 22.06.2019 01:00
The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?
Answers: 1
Business, 22.06.2019 12:50
You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400
Answers: 3
Business, 22.06.2019 20:30
Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
Problem 1, The following data pertain to a single department for the month of October for ABC Compan...
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