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The following transactions were selected from among those completed by Bear's Retail Store in 2012:
Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in cash. The goods cost Bear's $300.25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500.28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total); terms 3/10, n/30. The goods cost Bear's $4,000.29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition, and credit was given to the customer.Dec. 6 Nancy's Gym paid the account balance in full.30 Vasko Athletics paid in full for the invoice of November 25, 2012.
Assuming that Sales Returns and Sales Discounts are reported as contra-revenues, compute Net Sales for the two months ended December 31, 2012.
What is the goal of the EOQ model, why does a firm hold "safety stock" and what costs are a firm trying to balance when it decides on how much safety stock to hold?
the following exercise needs to be answered according to australian accounting standards board legislation and must
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Trial Balance figures Merchandise inventory 27,050(dr) Unearned sales revenue 4,000(cr) Sales 263,770(cr) Cost of goods sold 171,225(dr) Interest Expense
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