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!
a) Vibrant Company had $ 850,000 of sales in each of three consecutive years 2012 2014, and it purchased merchandise costing $ 500,000 in each of those years. It also maintained a $ 250,000 physical inventory from the beginning to the end of that three year period. In accounting for inventory, it made an error at the end of year 2012 that caused its year end 2012 inventory to appear on its statements as $ 230,000 rather than the correct $ 250,000.
1. Determine the correct amount of the company's gross profit in each of the years 2012-2014.
2. Prepare comparative income statements as in Exhibit 6.11 to show the effect of this error on the company's cost of goods sold and gross profit for each of the years 2012-2014.
Correct amount is $ 20,000. Correct amount is $60,000.
Journalize the transactions - prepare the stockholders' equity section assuming the company had retained earnings of $200,000 at December 31, 2008.
Journalize the following selected transactions for March 2009 in a two-column journal - Derby Co. has the following accounts in its ledger:
Houston-based Advanced Electronics manufactures audio speakers for desktop computers. The following data relates to period just ended when the company manufactured and sold 42,000 speaker sets:
Laguna Corporation has provided the following data concerning its overhead costs for the coming year:The Other activity cost pool does not have a measure of activity; it is used to accumulate costs of idle capacity and organization-sustaining cost..
Prepare the 2013 Form 1040 and all other required Federal forms and schedules for Brett Simons. The returns should be prepared taking the maximum tax benefit allowable into consideration. Round all amounts to whole dollars.
The firm had two consultations with this client and required 130 administrative labor hours. What additional costs will be charged to this customer?
Soledad Corporation had $29,000 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $75,200 of raw materials. The journal entry to record the purchase of raw materials would include a:
Determine the breakeven point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a target profit of $5,000 a month.
barton publication company inc. has the following comparative balance sheet as of march 31 2010.barton publication
Determine the appropriate discount factors using tables and Gull Inc. is considering the acquisition of equipment that costs $510,000 and has a useful life of 6 years with no salvage value. The incremental net cash flows
Calculate the amount needed per employee if the discount rate is not 10%, but 6%. If the workforce numbers 3,000, what is the total difference in cost between these two assumptions?
Calculate the total cost of ownership and the supplier performance index for each of the four suppliers.
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