Pre-tax income 12000 total operating expense not including

Assignment Help Accounting Basics
Reference no: EM13600019

Pre-tax income, $12,000; total operating expense (not including income tax) $20,000; sales revenue $120,000; Beginning balance $8,000; and purchases $90,000; compute the amount of the ending inventory?

Reference no: EM13600019

Questions Cloud

Cody doerr transferred cash from a personal bank account to : on october 1 2010 cody doerr established banyan realty which complteted the following transactions during the montha.
Calculate the cost and schedule variances and indexes cv sv : the following data were obtained from a project to design a new software package activity duration predecessors
What is the amount of the payments that ned winslow must : using the appropriate interest table provide the solution to each of the following four questions by computing the
If abc staffing believes it can charge 80 per hour instead : abc staffing company has been traditionally focused on legal and accounting staffing and is dterming if it should start
Pre-tax income 12000 total operating expense not including : pre-tax income 12000 total operating expense not including income tax 20000 sales revenue 120000 beginning balance 8000
Using either of these two numbers discuss the status of the : a project has been estimated to take eight weeks and cost 65000. the critical path is a - d. cost and earned value data
Lim clothing company manufactures its own designed and : lim clothing company manufactures its own designed and labeled sports attire and sells its products through catalog
Toys r us is considering placing an advertisment for their : toys r us is considering a new iphone app for managers that calculates break even points so that mba students no longer
Lambert invests 10000 for a 13 interest in a partnership in : lambert invests 10000 for a 13 interest in a partnership in which the other partners have capital totaling 26000 before

Reviews

Write a Review

Accounting Basics Questions & Answers

  A company is deciding whether or not to replace some old

a company is deciding whether or not to replace some old equipment with new equipment. which of the following is not

  Benet company has budgeted the following unit

benet company has budgeted the following unit

  At december 31 20x8 before adjusting entries were made the

at december 31 20x8 before adjusting entries were made the salary expense account of a company showed a balance of

  A summary of jarvis companys december 31 2013 accounts

a summary of jarvis companys december 31 2013 accounts receivable aging schedule is presented below along with the

  What amount of cost of goods

Based on the information given above, what amount of cost of goods sold did ABC record in 2008?

  Item 18 method is appropriate when the service life of the

depreciation for partial periodslightning delivery company purchased a new delivery truck for 45000 on april 1 2013.

  Purchase journal-cash disbursements to record transactions

a. Use the purchases journal and the cash disbursements journal to record these transactions. b. Prepare a schedule of accounts payable. There were no accounts payable on May 1.

  A company issued 5-year 8 bonds with a par value of 200000

a company issued 5-year 8 bonds with a par value of 200000. the market rate when the bonds were issued was 7.5. the

  Discuss allowance method and direct write-off method

Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates' postings.

  Toggles fishing fleet had 20000 shares of 5 20 par value

toggles fishing fleet had 20000 shares of 5 20 par value preferred stock and 15000 shares of 25 par value common stock

  Corin corporation is considering the purchase of a machine

corin corporation is considering the purchase of a machine that would cost 420000 and would last for 8 years. at the

  Business assets or capital assets during the year

Mr. Green seeks your advice as to the tax consequences attached to each offer. Assume that he will no other sale of business assets or capital assets during the year. What is your advice?

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