Business, 27.01.2021 20:30 DesperatforanA
Cherokee Inc. is a merchandiser that provided the following information:
Amount
Number of units sold 12,000
Selling price per unit $16
Variable selling expense per unit $2
Variable administrative expense per unit $2
Total fixed selling expense $21,000
Total fixed administrative expense $13,000
Beginning merchandise inventory $10,000
Ending merchandise inventory $22,000
Merchandise purchases $87,000
Required:
a. Prepare a traditional income statement.
b. Prepare a contribution format income statement
Answers: 1
Business, 21.06.2019 21:30
The following information relates to wagner, inc.: advertising costs $ 18 comma 600 administrative salaries 17 comma 800 delivery vehicle depreciation 1 comma 500 factory repair and maintenance 600 indirect labor 10 comma 000 indirect materials 18 comma 000 manufacturing equipment depreciation 3 comma 000 office rent 58 comma 000 president's salary 1 comma 100 sales revenue 600 comma 000 sales salary 5 comma 200 how much were wagner's period costs
Answers: 3
Business, 22.06.2019 05:10
Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp
Answers: 2
Business, 22.06.2019 20:30
Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.
Answers: 3
Cherokee Inc. is a merchandiser that provided the following information:
Amount
Number of un...
Number of un...
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