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!
Production and cash-outlay computations RPR, Inc., anticipates that 120,000 units of product K will be sold during May. Each unit of product K requires four units of raw material A. Actual inventories as of May 1 and budgeted inventories as of May 31 follow.
1-May
31-May
Product K (Units)
55,000
60,000
Rate Materials A (Units)
40,000
37,000
Each unit of raw material A costs $8; RPR pays for all purchases in the month of acquisition. Invoices that account for 80% of the cost of materials acquired will be paid within 10 days of receipt, entitling the company to a 2% cash discount.
a. Determine the number of units of product K to be manufactured in May.
b. Compute the May cash outlay for purchases of raw material A.
July
August
September
Beginning cash balance
$10,000
$ ?
Add: Cash receipts
50,000
63,000
71,000
Deduct: Cash payments
-64,000
-58,000
Cash excess (deficiency) before financing
($4,000)
Financing
Borrowing to maintain minimum balance
?
Principal repayment
Interest payment
Ending cash balance
Prepare the entry to record Farrin's investment in the partnership, assuming the equipment has a fair market value of $5,000.
Analyze and describe how you think big banks are or are not ripping off pension funds. Support your response with examples and evidence.
Explain the federal gift and estate taxes. What is the purpose of the federal gift tax? What is the reason of the estate tax? When are the taxes applied?
Carol owns 40% of CJ Partnership. The partnership reports $170,000 of revenue, $60,000 cost of goods sold, and $70,000 of other expenses that include $1,500 of doctor bills paid for Carol, a $2,000 charitable contribution, and a $5,000 Section 17..
determine the cost of capital for Zygo using the Build-up Method as of June 30, 2011. Evaluate the various adjustments the best you can from the available resources.
lola industries purchased the following assets and constructed a building as well. all of this was done during the
questions based on consolidated balance sheet.on december 31 2008 company p reported assets of 800 million and
Prepare financial statements for the canadian subsidiary in its functional currency.
question 1. bures jeep tours operates jeep tours in the heart of the colorado rockies. the company bases its budgets on
ed is a self-employed heart surgeon who has incurred subsequent reasonable expenses.1000 in air fare to repair
The ending merchandise inventory is $25,000. Elucidate a cost of goods sold section for the year ending August 31 (periodic inventory.
calculation of physical units and equivalent units for materials and conversion costs given work-in-process data at
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