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Questions -
Part 1 - Bravo Company's January 1, 2016 finished goods inventory was $100,000. The January 1, 2017 finished goods inventory is $80,000. Cost of goods manufactured for the FY 2016 was $260,000. Use this information to determine the dollar amount of the FY 2016 cost of goods sold. (Round dollar values & enter as whole dollars only.)
Part 2 - Alpha Company purchased, on account, 3,500 pounds of raw materials at $10 per pound on January 2, 2017. The production manager requisitioned and received 2,500 pounds of raw material into production on January 15. Use this information to prepare the General Journal entries (without explanation) for January 2 and January 15. If no entry is required then write "No Entry Required.
Prepare a statement of owner's equity for the year ended July 31. No additional investments were made during the year.
smith construction inc. just paid a 2.78 dividend. the dividend is expected to grow by 4 each year for the next three
Cost of goods sold as a percentage of sales is expected to increase to 60%. Other than depreciation, all operating costs are variable
Why or why not should the employee who handles cash receipts not have the responsibility for maintaining the accounts receivable records?
What is the difference between two types of line-item budgeting approaches: incremental budgeting and zero-based budgeting? Which of the two approaches is more widely used by governments? Which do you think is more beneficial in developing realist..
rosiek corporation uses part a55 in one of its products. the companys accounting department reports the following costs
The preferred stockholders were paid $20,000 for each of 2010 and 2009 years respectively. What is the amount of dividends common shareholders will receive
Calculate the dollar amount of ending inventory shown on ABCCompany's May 31 balance sheet using the FIFO method. Do not use decimals in your answer.
Assuming the maximum period allowable is used for patent amortization, what is Moose's patent amortization expense for 2015?
What is the corporate tax rate in the countries you are considering expanding your business to, and how will that affect your decision.
Hired two employees to work in the warehouse. They will each be paid a salary of $3,355 per month. Prepare an Unadjusted trial balance as of May 31, 2014
During the most recent month at Luinstra Corporation, queue time was 4.5 days, inspection time was 0.8 day, process time was 1.9 days, wait time was 5.1 days.
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