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During its first year of operations, Beta Company paid $16,000for direct material, $17,000 in wages for production workers, and$24,000 in wages for sales personnel. Lease payments and utilitieson the production facilities amounted to $7,000. General, selling,and administrative expenses were $6,000. The company owns al lmanufacturing equipment. The original cost of the equipment is$30,000 and has a salvage value of $5,000 after 5 years.Depreciation on sales car equals $6,000. The company produced 5,000units and sold 3,000 units at a price of $10.00 a unit. The cost of goods sold is which of the following amounts?
Hot Heat Steam Cleaning performs services on account. When a customer account becomes four months old, Hot Heat converts the account to a note receivable.
Kaiser's Kraft Korner sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs. The number of units that must be sold to achieve $60,000 of operating income ??
juanita martinez is ready to retire and has a choice of three pension plans. plan a provides for an immediate cash
which of the following represents the second largest payroll related expense incurred by
disclosure notes related to a change in accounting principle under the retroactive approach should include1the effect
At 12/31/12, the end of Jenner Company's first year of business, inventory was $4,100 and $2,800 at cost and market, respectively. Following is data relative to the 12/31/13 inventory of Jenner.
during 2009 the ellis corporation had 370000 shares of 20 par common stock outstanding. on january 1 2009 2000 8
perry company had no short-term investments prior to year 2011. it had the following transactions involving short-term
if the cost of the beginning goods in process inventory is 10000 costs of goods manufactured is 890000 direct materials
the management of russel inc. is trying to decide whether it can increase its dividends. during the current year it
on january 1 2011 club company issued 10 bonds dated january 1 2011 with face amount of 20 million. the bonds matue in
The company's management estimates that 2.5% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of allowance for uncollectible accounts reported on the balance sheet?
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