User Account

All Pages

Determine banderas and cost of goods sold

Assignment Help Financial Accounting
Reference no: EM132315901

Question :

Cost of Goods Sold , Profit margin , and Net Income for a Manufacturing Company

The following information is available for Bandera Manufacturing Company for the month ending January 31 :

Cost of goods manufactured   $ 299 , 610

Selling expenses                  100 , 080

Administrative expenses        52, 910

Sales                                 637, 460

Finished goods inventory , January 1           72, 030

Finished goods inventory , January 31          65, 660

For the month ended January 31 , determine Bandera's ( a ) cost of goods sold , ( b ) gross profit , and ( C ) net income .

Bandera Manufacturing Company

Cost of Goods Sold January 31

Reference no: EM132315901

Questions Cloud

How to retrieve the record from the data to front end : Code to Fill the Combobox. How to retrieve the record from the data to front end. How to export the data from vb.net to text file
What is the marginal rate of transformation impact : What is the labor-intensive good? What is the Marginal Rate of Transformation impact? What is the labor-abundant country? What is the capital-abundant country?
Why are radicals important in leading change : You are a risk manager who must create a plan for leading change to minimize risk within health care organization. Why are radicals important in leading change.
Essay - Community Health Issues : Title: Community Health Issues. Pick a top health issue in your community and describe some ways in which a nurse might improve this issue
Determine banderas and cost of goods sold : Cost of Goods Sold ,Profit margin, and Net Income for a Manufacturing Company. Determine Banderas, cost of goods sold.
Describe the process of setting up small business : You are required to demonstrate your ability to assess, analyse and describe the process of setting up a small business by way of a report.
Prepare a cost of goods manufactured statement for january : Prepare a cost of goods manufactured statement for January. Flefer to the Labels and Amount Descriptions list provided for the exact wording.
Identification of all of project activities : Team had very productive discussion on your findings related to identification of all of project activities that must happen to start and finish your project.
What is the role of accreditation in ensuring patient safety : IHP604 - Healthcare Quality Improvement - Southern New hampshire University - What is the role of accreditation in ensuring patient safety

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine o''brien vineyards degree of operating leverage

Evaluate O'Brien Vineyards margin of safety percentage? Determine O'Brien Vineyards degree of operating leverage?

  What is the accrual basis of accounting

What is the accrual basis of accounting? ?What is an accrued expense? ?What is accrued revenue? ?What is a prepaid expense? ?What is unearned revenue?

  What is the net present worth of this investment

You purchased an airplane for $600,000 and will depreciate it using a 7-year MACRS. Salvage value in year 4 is expected to be $280,000. The airplane is expected to increase revenues by $180,000 per year, however, O&M costs are expected to be $15,000 ..

  Prepare journal entries and financial statements

Prepare journal entries and financial statements for the year ended December 31, 2014. No adjusting entries have been made since December 31, 2013. On November 1, 2014, Company A. rented storage space at a cost of $600 per month. On that date Company..

  Determine the income statement and balance sheet effects

Determine the income statement and balance sheet effects of not accruing pay- roll taxes at March 31, 2013. Assume that when the payroll taxes were paid in April 2013, the payroll tax expense account was charged.

  Accounting for share issues and options

Accounting for share issues and options Sunny Ltd is looking to expand its operations, and in order to do this, the company needs to increase equity. On 1 January 2016, Sunny Ltd offered 4,000,000 ordinary shares to the public at an issue price of $3..

  Partner in cats & dogs

packer become a partner in cats & Dogs, in already formed partnership

  How these three terms affect the fair value

write an introduction ,Abstract and conclusion as well.Since introduction also carries marks separately hence these cannot be neglected at all.

  Calculate dender recaptured ordinary income

Dender Company sold business equipment with a $386,000 initial cost basis and $171,000 accumulated tax depreciation. Calculate Dender's recaptured ordinary income and Section 1231 gain or loss recognized if the amount realized on sale was?

  Discuss the accounting treatment of the emission allowances

Corporate Accounting for Emission Allowances-Discuss nature of emission allowances and provide justification-Discuss how emission allowances should be measured

  Involved in maintaining it and approving renters

Anwar owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $10,500 from renting the home. His other sources of income during the year were a salary of $125,000 and $20,900 of long-term capit..

  Uses four special journals-purchases-sales-cash receipts

Billy Bob Supply Company uses four special journals: purchases, sales, cash receipts, and cash disbursements, along with a general journal. The following transactions were incurred during August: Record the above transactions in the appropriate speci..

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