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Under the perpetual inventory system, Village Fabrics purchased 25 yards of blue plaid fabric at a cost of $2.00 per yard on June 1; on June 3, 22 yards were sold of the blue plaid; a new shipment came in with 25 more yards at a cost of $2.25 per yard on June 5; on June 15, 17 yards of the blue plaid fabric were sold; Village Fabrics purchased another 25-yard bolt at a cost of $2.50 per yard on June 19; on June 27, 6 more yards were sold. No inventory was on hand at the beginning of the month. What is the cost of merchandise sold and cost of ending inventory under the FIFO method for June?
Compare and contrast intrinsic and instrumental values. Provide at least two examples how each is crucial to good ethical reasoning
Describe the preparation of 1L solution of 0.02M Tris buffer, PH 7.8. 3. What volume of glacial acetic acid (d= 1.06g/ml) and what weight of solid potassium acetate are required to prepare 5 liters of 0.2M acetate buffer,PH 5.0?
A contact is not voidable in all of the following instances except when:a. It is for necessaries b. It is ratified on reaching majority c. The minor lied about her age d. The minor is married
Calculate G°f (kJ mol -1) for glycerol and G°rxn (kJ mol -1) for the combustion of one mole of glycerol
Ferron Corporation's net cash provided by operating activities was $81; its income taxes were $36; its capital expenditures were $34; and its cash dividends were $15. The company's free cash flow was:
Hydrogen sulfide () is a common and troublesome pollutant in industrial wastewaters. One way to remove is to treat the water with chlorine
Why would banks tend to lend more in booms and less in downturns and what do these proposals mean for the RBA's policy of targeting inflation?
The initial investment would be for equipment that would cost $196,000 and have a 7 year life with no salvage value. The annual depreciation on the equipment would be $28,000. The simple rate of return on the investment is closest to:
When solid iodine is introduced into an evacuated vessel at 25 degrees Celcius, some of the iodine sublimes. Predict how the enthalpy, entropy, and free energy change in the system
Fact Pattern Cc BBQ is a small restaurant owned by Mike. Up until July 31 st , 2013 MC faced very little competition. On August 1, 2013, Hooter's (a restaurant known for hiring young
Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?
Dogwood City's water enterprise fund received interest of 10,000 on long term investments. How should this amount be reported on the statement of cash flows?
How do management's responsibilities and the auditors' responsibilities differ in terms of the financial statements presented?
Byron incurred a loss on November 30 sale of $220,000. Ignoring income taxes, what amount should be reported in the 2010 income statement as the net income or loss under 'discontinued operations'?
What are the names of the two methods for treating the pre-acquisition revenue and expense items of a subsidiary purchased during a fiscal period?
Equipment acquired under capital leases and used by activities accounted for in governmental funds should be recorded in the governmental activities accounts at the inception of the lease at:
The Eastern Division sells goods internally to the western division of the same company. The quoted external price in industry publications from a supplier near Eastern is $200 per ton plus transportation.
Check out footnotes to financial statements and schedules for information regarding asset leases and, if possible, review for term, early payment, and bargain purchase clauses.
real property taxes $3,900 interest on home mortgage 4,000 operating expenses of home 1,100 depreciation allocated to 20% business use 1,600 Christine's income from consulting is 16,000, and the related expenses are $5,000.
The SEC and its European equivalent are trying to merge their respective views of GAAP (Generally Accepted Accounting Principles). What are the easy points and what are the stumbling blocks?
What is Omega's charitable contributions deduction for the current year and its charitable contributions carryover to next year, if any?
Determine the amount of interest expense the restaurant will report on the June pro forma income statement. What amount will his restaurants report as interest expense on the July proforma income statement?
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