The alpine house, inc., is a large retailer of snow skis. the company assembled the information shown below for the quarter ended march 31: amount sales $ 1,302,000 selling price per pair of skis $ 420 variable selling expense per pair of skis $ 47 variable administrative expense per pair of skis $ 15 total fixed selling expense $ 135,000 total fixed administrative expense $ 125,000 beginning merchandise inventory $ 80,000 ending merchandise inventory $ 110,000 merchandise purchases $ 295,000 required: 1. prepare a traditional income statement for the quarter ended march 31. 2. prepare a contribution format income statement for the quarter ended march 31. 3. what was the contribution margin per unit?

Example1 lcnrv: ted company uses the lower of cost or nrv method in valuing its inventory items. the inventory at december 31, 2017, consists of products a, b and c, each having 1,000 units. relevant unit data for these products appear below: item a item b item c cost $ 80 $80 $80 estimated selling price 180 100 90 estimated selling cost 30 30 30 required: using the lower of cost or net realizable value rule, determine the proper value of inventory for balance sheet reporting purposes at december 31, 2017. prepare any necessary journal entry. apply the lower of cost or nrv method: • on an individual inventory basis; • on a group basis; • on a total inventory basis. solution worksheet: inventory (on an individual basis): inventory value item nrv cost lc- item a item b item c total inventory (on a group basis): inventory value item nrv cost lc- group 1 (item a and b) group 2 (item c) total inventory (on an aggregate inventory basis): inventory value item nrv cost lc- total inv

You are saving $30 each month. you have a goal to accumulate $700 in savings. how long will it take you? a) about one year b) about two years c) about three years d) about four years

Alife tenant has the to keep the property in good repair and to pay property taxes. the two types of ownership are tenancy in common and joint tenancy. concurrent ownership can also be held in a tenancy by the entirety or as community property. in most states, it is that a co-tenancy is a tenancy in common. with a joint tenancy a deceased joint tenant's interest to the surviving joint tenant or tenants. the right of survivorship a joint tenancy from a tenancy in common. when a joint tenant transfers her or his rights to another without the consent of the other joint tenants, doing so the joint tenancy.