Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The adjusted trial balance of Dredge Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2012: Sales Revenue $900,000; Freight-out $14,000; Sales Returns and Allowances $22,000; and Sales Discounts $13,500. Instructions Prepare the sales revenues section of the income statement. Presented below is information for Yu Co. for the month of January 2012. Cost of goods sold $212,000 Rent expense $32,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 20,000 Salaries and wages expense 60,000 Sales revenue 370,000
Instructions
(a) Prepare an income statement using the format presented on page 243. Assume a 25% tax rate.
(b) Calculate the profit margin ratio and the gross profit rate.
Paula is planning to either purchase or lease a $50,000 automobile.
The CEO paid $1220 for an expensive dinner and spent $600 for the game. What is the deductible amount of these expenses?
mr. ching was a prc resident and was employed as a sales manager by wang laboratories limited in hong kong. he gave you
problem 1 required in the space below describe the advantages of budgeting.problem 2 required compute the roi for
Prepare the company's journal entry to record the credit card sales for April 13 assuming the company deposited the receipts that same day.
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units?
Pitts regularly sells inventory to Burris. Below you will find the details of intercompany inventory sales for the past three years:
Clyde agreed to surrender his Red stock in exchange for $600,000. clyde's basis in his shares was $143,000 and he held the shares for 17 years. the agreement made no explicit allocation of any of the $600,000 to clyde's agreement not to compete ag..
suppose you are the manager of a widget-production company. the companys two support departments purchasing and human
The service unit or output for this department is the number of procedures performed. A static budget was prepared at the beginning of the year. You are now tasked with examining that budget in relation to actual experience.
Determine the number of days in the discount period, determine the amount of the discount and determine the amount of the proceeds.
If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2010's adjusting entry is
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd