Presented below is information related to Carla Enterprises.
Jan. 31 Feb. 28 Mar. 31 Apr...
Business, 26.03.2020 04:13 wrightstephanie193
Presented below is information related to Carla Enterprises.
Jan. 31 Feb. 28 Mar. 31 Apr. 30
Inventory at cost $16,350 $16,459 $18,530 $15,260
Inventory at LCNRV 15,805 13,734 17,004 14,497
Purchases for the month 18,530 26,160 28,885
Sales for the month 31,610 38,150 43,600
Required:
1. 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 parenthesis e. g. (45).)
Answers: 1
Business, 22.06.2019 15:20
Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is
Answers: 2
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Biology, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
English, 05.06.2021 01:00
English, 05.06.2021 01:00
SAT, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
English, 05.06.2021 01:00
Social Studies, 05.06.2021 01:00