Consider the TOYCO production problem with two products toy CARS and toy TRAINS. The toys are sold to a wholesale distributor who demands shipments in packs (boxes). There is no limit on how much we can produce. The toy CARS are delivered in boxes of 20 while the toy TRAINS are delivered in boxes of 25. What is the best product mix in this scenario
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Business, 23.06.2019 07:30
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During march, the business engaged in the following transactions: a. borrowed $45,000 from the bank and signed a note payable in the name of the business. b. paid cash of $40,000 to acquire land. c. performed service for a customer and received cash of $5,000. d. purchased supplies on account, $300. e. performed customer service and earned revenue on account, $2,600. f. paid $1,200 on account. g. paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. h. received $3,100 on account. i. received a $200 utility bill that will be paid next week. j. paid cash dividends of $1,800. required: 1.) prepare journal entries for each transaction. enter journal entries by the transaction letter. 2.) prepare the trial balance of my motors, inc. at march 31, 20xx. 3.) prepare financial statements for my motors, inc. for the period ending march 31, 20xx. (income statement and balance sheet)
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Business, 23.06.2019 20:00
Problem 9–7 preparing financial statements the general ledger accounts and balances for kits & pups grooming follow.
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Consider the TOYCO production problem with two products toy CARS and toy TRAINS. The toys are sold t...
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