QUESTION 3 of 10: Last month, sales in the following categories were: Promotional items ($1,401 with returns of $214 and discounts of $159), Staple items ($2,306 with returns of $178), All other items ($2,298 with returns of $56). The total square footage of selling space is
5,000 square feet. Compute the sales per square foot of selling space.
ОООО
a) $0.78/square foot
b) $1.08/square foot
c) $1.54/square foot
d) $1.67/square foot

Assuming that you’re recording the transactions on the first page of the journal, the page entry at the top right side of the journal should be a. one. b. j. c. j1. d. 2.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period