|Inventory, December 31, prior year||6,800||$||8|
|For the current year:|
|Purchase, March 5||18,800||6|
|Purchase, September 19||9,800||2|
|Sale ($30 each)||8,000|
|Sale ($32 each)||15,800|
|Operating expenses (excluding income tax expense)||$||398,000|
The section of the annual report that is the report of the independent registered public accounting firm is often referred to as the
A. Auditor's Report
B. Management's discussion and Analysis of Financial condition and results of operations Report
C.Business Overview Report
D.Notes to Financial statements Report
Mr.D invests $1000 in a bank account. Six months later, the amount in his bank account is $1049.23. Find the amount of interest earned in those six months. Find the (semiannual) effective rate of interest earned in those six months
In finance, what do we mean by the time value of money? How do we calculate it?
Record the following transactions on the books of cullumber co (omit cost of goods sold entries) (credit account titles are automatically indented when amount is entered.Do not indent manually).
(a) on july 1,cohen co sold merchandise on account to tracy inc for $23,400, terms 2/10,n/30
(b)on july 8, tracy inc returned merchandise worth $2,400 to cohen co.
(c)on july 11,tracy inc paid for the merchandise.
An object is thrown vertically upward from the ground with an initial velocity of 1960 cm/s. neglecting air resistance, find a) the maximum height reached, and b) the total time is taken to return to the starting point.
Seven Manufacturing Corporation uses both standards and budgets. The company estimates that production for the year will be 100,000 units of Product Fast. To produce these units of Product Fast, the company expects to spend $600,000 for materials and $800,000 for labor.
Instructions : Compute the estimates for (a) standard cost and (b) budgeted cost.
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given
|Standard Quantity or Hours||Standard Price
|Direct materials||4.6||pounds||$||2.50||per pound||$||11.50|
|Direct labor||0.2||hours||$||18.00||per hour||$||3.60|
During the most recent month, the following activity was recorded:
Twenty thousand pounds of material were purchased at a cost of $2.35 per pound.
All of the material purchased was used to produce 4,000 units of Zoom.
750 hours of direct labor time were recorded at a total labor cost of $14,925.
1. Compute the materials price and quantity variances for the month.
2. Compute the labor rate and efficiency variances for the month.
(For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)
An element has a face centered cubic unit cell with a length of 352.4 pm along an edge.The density of the element is 8.9 gcm-3.How many atoms are present in 100g of an element?
The following information applies to the questions displayed below.]
|Year 1 total cash dividends||$||19,100|
|Year 2 total cash dividends||27,700|
|Year 3 total cash dividends||230,000|
|Year 4 total cash dividends||380,000|
York’s outstanding stock consists of 85,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 260,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
Sudoku Company issues 31,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $239,000 and the building at $373,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
Prepare journal entries to record each of the following four separate issuances of stock.