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On Aug. 12, 2011, the Ohio Corp. sold 3,000 units of merchandise inventory for $64,200. Using its appropriate inventory valuation method, Ohio computed the cost of goods sold on this sale to be $40,600 [(1,200 x $15) + (1,000 x $13) + (800 x $12)]. At the time of this sale, the replacement cost of the merchandise inventory that was sold was $15 per unit.
Required: How much did Ohio realize in "inventory profits" on this sale?
A special order to purchase 10,000 units was recently received. Kandeed has enough capacity to fill the order, and filling the order would not disrupt current production or sales of K.
Record on Foster's books the July 1,2008 journal entry detailing the sale of the fax machine to Eagle.
Prepare the journal entries to record the transaction on the books of Berry Corporation at December 31, 2011. (Assume that the effective interest method is used. Use the interest tables below and round to the nearest dollar.)
purple feet wine inc. receives an average of 16000 in checks per day. the delay in clearing is typically three days.
al owned all of the outstanding stock of abc corporation. al transferred a building cash and ibm stock to abc
Cost-Volume-Profit Analysis:Mitchell Corp. expects to sell all the goods manufactured this year and has no beginning inventory of its one product. The estimated fixed costs for the year are $288,000; and estimated variable costs per unit are $14.00. ..
from the first case study determine if this constitutes cheating. speculate why someone would do something such as copy
What would be the indifferent point?
Assume that there is no maturity risk premium. An 8-year corporate bond has a yield of 8.3 percent, which includes a liquidity premium of 0.75 percent. What is its default risk premium?
financial statements are a product of the accounting cycle. think about two different companies a manufacturing company
write a thorough discussion of the following capital expenditure valuation methods payback discounted payback net
Cloud-based computing allows businesses to store and access large amounts of data over the Internet rather than on in-house computer hard drives. There are several cloud-based data solutions currently available in the marketplace.
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