Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.

For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 135 units from beginning inventory and 265 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.  

For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 purchase; the March 29 sale consisted of 135 units from the March 18 purchase and 215 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)

An Enterprises has the following business transaction estimates relating to the final quarter of 2020.

     $                   $                    $

                                                            October           November          December

Notes

1. Actual Receipts from Accounts Receivable are 70% of the previous months

Credit Sales and the balance of 30% owing is received in the following month.

Credit Sales for September 2020 were $80,000 as they were in August 2020.

Cash Sales were $16,500 in August 2020 and $18,000 in September of 2020.

2. Payment of Accounts Payable is paid 60% of purchases in the month of

Purchase and the remaining 40% in the month following. Purchases in

September 2020 were $36,000.

3. The cash balance at 1 October 2020 was $52,890

Required:

Prepare a cash budget month by month for the quarter ending 31 December 2020.

Note that marks will be deducted for each incorrect posting to the cash budget.        

can you do ASAP THANKS

The following are the trial balance and the other information related to Bruce Sheffield, who operates a construction hauling business.

Sheffield withdrew $14,000 cash for personal use during the year.

1-From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020.

2-Prepare an income statement for 2020.

3-Prepare a statement of owner’s equity for 2020.

4-Prepare a classified balance sheet for 2020.

Presented below is the comparative balance sheet for Grouper Company. PLEASE SHOW WORK

Prepare a comparative balance sheet of Grouper Company showing the dollar change and the percent change for each item. (If there is a decrease from 2020 to 2021, then enter the amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis, i.e. (92,000), (25.25).)

University Inc reported $84,000 in net income in 2018. On 1/1/18 company had 80,000 shares of common stock. On May 1, 2018, 23,000 new shares of common stock were sold for cash. On July 1, 2018, the company declared and distributed 20% of common stock dividend. On October 1, 2018, 7,000 shares of common stock were reacquired as treasury stock. Compute Centrals weighted average common shares outstanding

A 116,150

B 112,300

C 112,650

D 109,150

A mortgage company offers to lend you $85,000; the loan calls for payments of $8,383.86 at the end of each year for 30 years. What interest rate is the mortgage company charging you? Round your answer to two decimal places.

_______%

While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9.20%. If Mary repays $1,500 per year, how long (rounded up to the nearest year) will it take her to repay the loan?

_______year(s)

Leopard Ltd's financial year ended on 30 June 2020. The following events occurred between the end of the reporting period and the date the directors of Leopard Ltd expect to authorise the financial statements for issue:

1. On 25 July 2020, directors proposed a final dividend of $180 000 which requires approval at the annual general meeting.
2. On 15 July 2020, the financial cost of inventory shipped from overseas is determined. The inventory was received in June 2020 and the cost was estimated for accounting purposes. The revised cost is $80 000 greater than the prior estimate.
3. A customer of Leopard Ltd, is declared insolvent on 16 August 2020 as the customer’s uninsured premises were destroyed by a cyclone. The customer owed Leopard Ltd $600 000 as at 30 June.
4. The government announced an increase in tax rates from 30 per cent to 33 per cent for the year commencing 1 July 2020 the deferred tax liability account is $250 000.

REQUIRED

For each of the above material after-reporting-period events, state the reason why an adjustment or disclosure may or may not be required in the 30 June 2020 financial statements. Assume the above events would not significantly affect the going-concern assumption for Leopard Ltd. You are not required to draft any financial statement notes or provide any journal entries for adjustments.