Question
In: Accounting
Fill in the missing amounts. Indicate a loss by placing brackets around the amount. Each column...
Fill in the missing amounts. Indicate a loss by placing brackets around the amount. Each column of figures is a separate problem.
|
A |
B |
C |
|
|
Sales |
80,000 |
64,000 |
|
|
Beginning inventory |
25,000 |
||
|
Net purchases |
45,000 |
8,000 |
|
|
Ending Inventory |
15,000 |
10,000 |
2,000 |
|
Cost Of Goods Sold |
50,000 |
13,000 |
|
|
Gross Profit |
23,000 |
(1,000) |
|
|
Expenses |
20,000 |
5,000 |
|
|
Net Income |
14,000 |
(6,000) |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.) Required: a. Assume that only one
product is being sold in each of the four following case
situations: b. Assume that more than one product is being sold in
each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.)
a. Assume that only one product is being sold in each of the
four following case situations:
Case #1
Case #2
Case #3
Case #4
Unit
sold
8,100
19,500
4,900...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.)
Required:
a.
Case #1
Case #2
Case #3
Case #4
Unit
sold
8,200
19,800
5,100
Sales
$237,800
$330,000
$137,700
Variable
expenses
114,800
198,000
Fixed
expenses
89,000
175,000
75,000
Net
operating...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts for the following 4 companies. Each case is independent of the...
Fill in the missing amounts for the following 4 companies. Each
case is independent of the others. Assume that only one product is
being sold by each company:
Company A
Company B
Company C
Company D
Units Sold
600
900
Sales in Dollars
$30,000
$63,000
$235,000
$
Total Variable Expenses
$6,600
$
$
$135,000
Per Unit C/M
$
$60
$270
$140
Total Fixed Expenses
$20,600
$35,000
$144,000
$
Net Operating Income (Loss)
$
$7,000
$(9,000)
$(25,000)
Applying Interrelations of Financial Statements Fill in the missing amounts, a through t, for each of...
Applying Interrelations of Financial
Statements
Fill in the missing amounts, a through t, for
each of the three separate companies.
Case 1
Case 2
Case 3
Net income, 2020
$42,000
h)
$135,000
Retained earnings, December 31, 2020
a)
1,305,000
n)
Retained earnings, December 31, 2019
15,000
1,170,000
381,750
Dividends, 2020
12,000
52,500
o)
Common stock, December 31, 2020
b)
i)
225,000
Total stockholders’ equity, December 31, 2020
168,000
j)
720,000
Other comprehensive income, 2020
c)
0
p)
Accumulated other comprehensive...
Exercise 5-11 Fill in the missing amounts in each of the eight case situations below. Each...
Exercise 5-11
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold...
Cross-number problem (fill in the missing amounts in the cases below, each case is independent) Case...
Cross-number problem (fill in the missing amounts in the
cases below, each case is independent)
Case
Units Sold
Sales
Variable Expenses
Contribution Margin per unit
Fixed Expenses
Net Income
1
?
$100,000
?
10
32,000
8,000
2
6,000
300,000
?
?
100,000
(10,000)
Case
Sales
Variable expenses
Average contribution margin (percent)
Fixed expenses
Net Income (loss)
3
$500,000
?
20
?
$7,000
4.
?
?
60
130,000
20,000
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