User Account

All Pages

Chris hargrove is the owner of ap instant replay

Assignment Help Accounting Basics
Reference no: EM13881178

Chris Hargrove is the owner of AP Instant Replay, a consignment shop for used sporting goods. Chris accepts consigned goods and offers them for sale to the general public. Chris rents business space, including a retail store where the consigned goods are displayed and sold, with adjoining office space where an Internet site is maintained and other administrative functions are performed. The Internet site includes photos and descriptions of items available for sale worldwide. If the goods sell, Chris consignment fee is 40% of the sale price, and 60% is remitted to the consignor. Shipping costs on electronic orders are paid by the customers.
(a) The e-commerce portion of the business.
(b) The retail portion of the business, assuming that the accounting systems are mostly manual and handled by Chris and his wife.

Reference no: EM13881178

Questions Cloud

Baddour report in its statement of cash flows : 1.On January 1, 2013, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30.
Bonds holder reinvested the call price : A 30-year corporate bond sold to investors at par ($1000) with a 10 percent coupon rate is called sixteen years later at a 12 percent call premium. At the time of call, prevailing rates on comparable securities were 8 percent. If the bond's holder re..
Free cash flow has grown rapidly : Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made at the beginning of 2016 are as follows: ($ millions) 2017 2018 2019 2020 2021 Net income 1.0 2.0 3.2 3.7 4.0 Investment 1.0 1.0 1.2 1...
Describe the internal labor market of the company : Describe the internal labor market of the company in terms of job stability (staying in same job), promotion paths and rates, transfer paths and rates, demotion paths and rates, and turnover (exit) rates.
Chris hargrove is the owner of ap instant replay : Chris Hargrove is the owner of AP Instant Replay, a consignment shop for used sporting goods. Chris accepts consigned goods and offers them for sale to the general public.
Violate any laws such as trademark : 1.  You have likely noticed that many products are similar.  For instance, there is a "generic" of almost everything.  How dissimilar does something have to be in order not to violate any laws such as trademark, copyright, etc?2.  Is there a differen..
Amortization schedule by the straight line method. : 1.On January 1, 2013, Bradley Recreational Products issued $100,000, 9%, four year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $96,768 to yield an annual return of 10%.
What is the margin of safety in units sold : Juliet’s Children’s Clothes Company (JCCC) has a target profit of $100,000. That profit requires unit sales to be 2,000. JCCC’s variable cost per unit is $100 and fixed expenses are $50,000. If JCCC achieves that target profit, what is the margin of ..
The straight method is used to depreciation fixed assets : As a recently appointed auditor for Gibbs Manufacturing Co., the Manager of the audit, asked you to examine selected accounts before issue the financial statement of 12/31/10, to be audited. The straight method is used to depreciation fixed assets. T..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the following is false in regards to direct

which of the following is false in regards to direct materials for an auto manufacturer?asteel would probably be a

  Buff company purchased equipment for 500000 cash on july 1

buff company purchased equipment for 500000 cash on july 1 2006. the estimated life is 5 years or 1000000 units salvage

  Maximum write-off for the purchases

If Congress reenacts additional first-year depreciation for 2010, Sid elects not to take additional first-year depreciation. If Sid elects § 179, what is the maximum write-off for these purchases for 2010?

  Titus corporation and vane corporation two companies of

titus corporation and vane corporation two companies of roughly the same size are both involved in the manufacture of

  Contreras has a variable cost of 280 per unit the annual

umbrella company has a capacity of 40000 units per year and is currently selling all 40000 for 400 each. buerhle

  Basic concepts underlying historical costing

Can any of the principles discussed under the same general category be deduced or logically derived from these postulates?

  Comparative analysis

Comparative analysis - should include discussion of whether the share price measures line up with your other assessments Please include copies of the financial statements (attached as a file, if possible in .pdf format) or, alternatively, provide ref..

  What property interest did dollars & sense register

What property interest did Dollars & Sense register under the Torrens system and how did it acquire that interest?

  Given the following information calculate the net income

given the following information calculate the net income for the year ended december 31 2006 selling expenses 78000

  Baxter incorporated manufactures and sells heating and air

baxter incorporated manufactures and sells heating and air conditioning units for large industrial buildings and uses.

  Saxon manufacturing is considering purchasing two machines

saxon manufacturing is considering purchasing two machines. each machine costs 9000 and will produce cash flows as

  What would be the total fica amount for the er and ee if

1. what is the fica-oasdi for the er amount based on this total earnings figure a 2864.10 b669.83 c3533.92 d856.83 2.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd