Nikkel corporation a merchandising company reported the

Assignment Help Accounting Basics
Reference no: EM13573332

Nikkel Corporation, a merchandising company, reported the following results for July:

  Sales $419,000   
  Cost of goods sold (all variable) $175,500   
  Total variable selling expense $ 23,600   
  Total fixed selling expense $ 17,200   
  Total variable administrative expense $ 15,400   
  Total fixed administrative expense $ 31,400   
The gross margin for July is:

Reference no: EM13573332

Questions Cloud

Dave signed a 7855 note at a bank that charges a 142 : dave signed a 7855 note at a bank that charges a 14.2 discount rate. if the loan is for 190 days find the effective
Using power point or another presentation program design a : your cooking oil company has grown exponentially. because of that there a lot of new ideas about how to make your
Salvadore inc a local retailer has provided the following : salvadore inc. a local retailer has provided the following data for the month of september nbspnbspmerchandise
If a company wants to increase its reported income by : if a company wants to increase its reported income by manipulating its investment accounts which should it do?a sell
Nikkel corporation a merchandising company reported the : nikkel corporation a merchandising company reported the following results for july nbspnbspsales419000
At a sales volume of 41000 units thoma corporations sales : at a sales volume of 41000 units thoma corporations sales commissions a cost that is variable with respect to sales
Respond to the attached what was the intended significance : respond to the attached what was the intended significance of the eiffel tower? whydid the monument stir some
Compute the expected return e ri on this stock the : your rate of return expectations for the stock of kayleigh computer company during the next year arekayleigh computer
Fine breads inc paid out 26000 common dividends during : fine breads inc. paid out 26000 common dividends during 2005 and it ended the year with 150000 of retained earnings.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Use a separate set of journal entries and t- accounts for

dugan sales had the following transactions for jackets in 2013 its first year of operationsjan 20nbspnbspnbsp purchased

  The equipments salvage value is zero and doug uses

dougs custom construction company is considering three new projects each requiring an equipment investment of 29260.

  Record the following transactions both budgetary and

record the following transactions both budgetary and actual entries in the general ledger of a cpf of santiago county.

  Compute 2 breakeven point in units of product 2 even point

a company produces only one product. normal capacity is 0000 units per year and the unit sales price is rs.5 relevant

  Problem related to purchase of land

Jonas Lumber Company owns a 7,000-acre tract of timber purchased in 2003 at a cost of $1,300 per acre. At the time of purchase the land was estimated to have a value of $300 per acre without the timber.

  Taxable income of the two owners

Sara owns a sole proprietorship and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the ..

  Write a 700- to 1050-word paper explaining how information

write a 700- to 1050-word paper describing how information systems are changing various aspects of the accounting

  Find the management discussion and analysis

you will be reading portions of the 2011 Comprehensive Annual Financial Report (CAFR) issued by Broward County, Florida. You will be asked to prepare "executive summaries" of the information reported.

  Prepare a statement of plan net assets available for

the basic financial statements of a pension plan provide only limited amounts of information as to its economic

  Determine the limitations of internal control system give

you are an accountant at a local cpa firm that is auditing the accounting records of abc company. you have been asked

  Beginning cash balance

In 2010, Bombay Corporation had cash receipts of $21,000 and cash disbursements of $12,000. Their ending cash balance at December 31, 2010 was $33,000. What was their beginning cash balance?

  Determine whether rachels basket weaving shop should carry

e7-9 rachel ray recently opened her own basket weaving studio. she sells finished baskets in addition to the raw

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd