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Question - This year john company had beginning inventory of $100,000. Inventory purchases were $35,000. Sales were $150,000. The gross profit rate is 30%. Using the gross profit method of inventory estimation. What is ending inventory?
The information about their operation for the last month is given below. Gray company produces and sells a single product
on january 1 2008 muske trucking compay leased a semitractor and trailer for five years. annual payments of 28300 are
Fielder Company obtained by issuing 2,000 shares of its $10 par value common stock. The land was recently appraised at $85,000. The Common Stock is actively traded at $40 per share. Prepare the journal entry to record the acquisition of land.
In 2017, the company planned to produce 80,000 toys at a level of 40,000 hours of direct labor. calculate the Materials price variance
Following is information from Jesper Company for its initial month of business.
A detailed calculation of non-controlling interest balance and consolidation worksheet
Find a journal article online about standard costing. In the subject line of your post, include the title of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article.
What percentage increase in sales would enable a company with 2,000,000 in sales revenue to reach its goal of increasing its net profit of 340,000 by 15%?
Calculate the net present value of the proposed equipment purchase. Whispering Winds uses a 13% discount rate
you are auditing the balance sheet section of a clients balance sheet as of 12312010. you see that there is a 1000000
What are the three main types of production costs in a manufacturing organization? What is the difference between a product cost and a period cost
Prepare a summary entry that represents the net effect of salaries expense incurred and paid during the reporting period.
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