Business, 27.11.2019 19:31 silas99

Presented below is information related to bramble enterprises. jan. 31feb. 28mar. 31apr. 30inventory at cost $15,300 $15,402 $17,340 $14,280inventory at lcnrv 14,790 12,852 15,912 13,566purchases for the month 17,340 24,480 27,030sales for the month 29,580 35,700 40,800 collapse question part(a)from the information, prepare (as far as the data permit) monthly income statements in columnar form for february, march, and april. the inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account). (enter negative amounts using either a negative sign preceding the number e. g. -45 or parentheses e. g. ( cost of goods availablecost of goods soldfreight-ingain (loss) due to market fluctuations of inventorygross profitinventory, beginninginventory, endingpurchasespurchase discountspurchase returnsrevenuessales revenuesales returns

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:30

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices

Answers: 3

Answer

Business, 22.06.2019 02:00

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Answers: 3

Answer

Business, 22.06.2019 05:40

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Answers: 1

Answer

Business, 22.06.2019 09:40

Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?

Answers: 1

Answer

You know the right answer?

Presented below is information related to bramble enterprises. jan. 31feb. 28mar. 31apr. 30inventory...

Questions