Business, 06.10.2019 07:01 brittanyrenner6657
The accounting records of wall's china shop reflected the following balances as of january 1, year 2: cash $ 80,100 beginning inventory 33,000 (220 units @ $150) common stock 50,000 retained earnings 63,100 the following five transactions occurred in year 2: first purchase (cash) 150 units @ $155 second purchase (cash) 160 units @ $160 sales (all cash): 410 units @ $320 paid $38,000 cash for salaries expense paid cash for income tax at the rate of 25 percent of income before taxes required a. compute the cost of goods sold and ending inventory, assuming (1) fifo cost flow, (2) lifo cost flow, and (3) weighted-average cost flow. compute the income tax expense for each method. b. record the above transactions in general journal form and post to t-accounts assuming (1) fifo cost flow, (2) lifo cost flow, and (3) weighted-average cost flow. assume perpetual inventory system is used.
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Business, 22.06.2019 10:30
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
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Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.
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The accounting records of wall's china shop reflected the following balances as of january 1, year 2...
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