User Account

All Pages

How many boxes of each kind of tea was she able to sell

Assignment Help Accounting Basics
Reference no: EM133145733

Question - Answer the following problem. Show solution and box the answer.

1. Belfast runs a shop that specializes in selling various types of tea. The top 3 best selling tea are Earl Grey, Chamomile and English Blend. For the current month, the ratio of the top 3 best sellers are 14:9:7 respectively. If she was able to sell a total of 1,800 boxes of these best sellers for the current month, how many boxes of each kind of tea was she able to sell?

2. Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses for the current month amounting to P9,000.00 is divided between Salary Expense, Delivery Expense and Utilities Expense in a 2:3:1 ratio respectively. Their gross margin is 40%, and the paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House.

3. Olivia and Ptilopsis are planning to rent a spot for 3 days in a bazaar to sell the medicinal concoctions they made for P349.75 each. The rent and other expenses for the 3-day bazaar amounted to P6,300.00. If the cost to make each medicinal concoction is P199.75, calculate for the number of items that they must be able to sell in order to achieve break-even. Then compute for the break-even amount.

Reference no: EM133145733

Questions Cloud

Record the adjusting entry for clark bad debt expense : Clark Company estimated the net accounts receivable as of December 31, 2016, to be $165,000, Record the adjusting entry for Clark bad debt expense
Has the concept of needs and wants evolved in 21st century : Has the concept of Needs and Wants evolved in 21st century? Explain with examples. Arif Toor
Appropriate international business strategy : What is the most appropriate international business strategy for logistics businesses? Justify your choice.
Importance of employee motivation : 2.There are companies that sadly fail to understand the importance of employee motivation. Research shows that many companies have employees with low motivation
How many boxes of each kind of tea was she able to sell : If she was able to sell a total of 1,800 boxes of these best sellers for the current month, how many boxes of each kind of tea was she able to sell
When social media influencers digital detox goes wrong : This article is also available on the course hero website as a PDF. It is a very brief piece of writing. Only the first section will be completed.
Monetary policy and the housing bubble : This is a working paper entitled "Monetary Policy and the Housing Bubble" from Finance and Economics Discussion Series Divisions of Research & Statistics and Mo
List the health care funding methods used in canada : List the health care funding methods used in Canada. State the health care funding method used in British Columbia and describe the payroll implication, if any
Marketing an investment or an expense : Do you believe that marketing an investment or an expense? Expound and provide strong points

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much cash will the company pay to fund share dividend

On 1 June, the directors of Jenkins' Ear Ltd decided to issue a share dividend. How much cash will the company pay to fund share dividend

  What would net income be for august

What would Net Income be for August? Acquired $8,900 of direct materials, 56% of of which was acquired on open accounts; the rest was paid in cash.

  Determine the proper balances as of 123114 for a separate

gibbs manufacturing co. was incorporated on 1214 but was unable to begin manufacturing activities until 8114 because

  Show the division on net income

The partnership agreement calls for a 15% interest on their capital accounts and the remaining sum to be shared equally. Net income for the year is $30,000. Show the division on net income.

  Ruby corporation''s stock dividend

Using the same facts as in RE17-9, assume instead that Ruby declares and issues a 50% stock dividend when the stock is selling for $30 per share. Prepare the journal entry on the date of declaration to record Ruby Corporation's stock dividend.

  What direct labor hour input could terracotta

What direct labor hour input (hours per unit) could Terracotta allow and still achieve its profi t goal?

  How flow of costs in a job-order costing system follows flow

Briefly explain how the flow of costs in a job-order costing system follows the flow of the physical production

  What is the amount of total liabilities at the end of year

At the beginning of the year, Hernandez Company had total assets of $781,587 and total liabilities of $503,090. Answer the following (((independent questions.)))))

  Compute the internal rate of return

The machine sells for $73 172 and requires working capital of $8000. Compute the internal rate of return (IRR)

  How many can be produced to maximize profit

What model should be produced and how many can be produced to maximize profit?

  Record the journal entry for the ceo exercise

Record the journal entry for the CEO's exercise of the stock options and the re-issuance of the Treasury Stock. Check all that apply

  Prepare the necessary adjusting journal entry

Sally crab shack pays weekly salaries of 11000 on Friday fora five day work week ending on the day. Prepare the necessary adjusting journal entry

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