Question
In: Accounting
Calculate the missing items in the following. Enter all numbers as positive values. Sales Sales Returns...
Calculate the missing items in the following. Enter all numbers as positive values.
Sales |
Sales Returns and Allowances |
Net Sales |
Beginning Merchandise Inventory |
Net Purchases |
Cost of Goods Available for Sale |
Ending Merchandise Inventory |
Cost of Goods Sold |
Gross Profit |
|
| a. | $242,000 | $6,000 | $ | $152,000 | $170,000 | $ | $136,000 | $186,000 | $ |
| b. | 304,000 | 297,000 | 134,000 | 404,000 | 176,000 | 228,000 | |||
| c. | 10,000 | 628,000 | 416,000 | 486,000 | 89,000 | ||||
Solutions
ekkarill92 answered 2 years agoRelated Solutions
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Retained earnings at the beginning of the year is zero.
Supplies expense = 5800
Wages expense = 15500
Intangibles = 22300
Service revenue = 52000
Rent expense = 20600
Supplies = 2960
Accounts payable = 9200
Prepaid expense = 6580
Loan payable due in 2025 = 10800
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For each of the following independent cases (1–4), compute the missing values. (Enter all amounts as...
For each of the following independent cases (1–4), compute the
missing values. (Enter all amounts as positive values.)
Case 1
Case 2
Case 3
Case 4
Beginning raw materials
$5,400
$23,000
$106,000
Raw
material purchases
54,000
11,850
42,640
Indirect
materials issued
600
1,100
1,400
2,800
Ending
raw materials
1,200
4,150
93,700
Direct
materials used
13,900
33,520
Direct
labor
32,000
122,350
Manufacturing overhead
54,000
40,250
30,080
541,730
Total
current manufacturing costs
75,600
94,600
Beginning
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48,000
36,600
101,820
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All equipment will be depreciated using the straight-line
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In addition, on June 30 of the 3rd year, the two iMac computers
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Cost
Useful Life (Years)
Leasehold Improvements
$15,000
15
Telephone System...
Using the table below calculate the missing values.
Using the table below calculate the missing
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1. Consider the data for each of the following four independent companies. Calculate the missing values...
1. Consider the data for each of the following
four independent companies. Calculate the missing values in the
table below. For margin and ROI, enter your answers as percentages,
rounded to two decimal places. For example, the decimal value
.03827 would be entered as "3.83" percent. For turnover, enter your
answer as a decimal value rounded to two decimal places.
A
B
C
D
Revenue
$10,000
$49,000
$96,000
$
Expenses
$8,000
$
$90,240
$
Operating income
$2,000
$12,250
$
$...
1. Consider the data for each of the following four independent companies. Calculate the missing values...
1. Consider the data for each of the following
four independent companies. Calculate the missing values in the
table below. For margin and ROI, enter your answers as percentages,
rounded to two decimal places. For example, the decimal value
.03827 would be entered as "3.83" percent. For turnover, enter your
answer as a decimal value rounded to two decimal places.
A
B
C
D
Revenue
$12,500
$48,000
$96,000
$
Expenses
$10,000
$
$90,240
$
Operating income
$2,500
$12,000
$
$...
Fill in the following table, supplying all the missing information. Use this information to calculate the...
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(Negative values should be indicated by a minus sign. Leave
no cells blank - be certain to enter "0" wherever required. Do not
round intermediate calculations. Enter your Return Deviations
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response.)...
USE PYTHON. Create a program that will ask a user to enter whole positive numbers. The...
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program keep running. The user will be allowed to use the program
as long as the quitVariable is equal to 'y' or 'Y'. When the user
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