How much was total distribution costs for the year

Assignment Help Financial Accounting
Reference no: EM132831159

Sirius Trading has the following selected adjusted account balances as of December 31, 2020:

Accumulated Depreciation - Delivery Equipment, ?60,000
Depreciation Expense - Delivery Equipment, ?20,000
Freight-in, ?22,500
Freight-out, ?18,200
Salesmen Salaries and Commissions, ?183,900
Store Supplies, ?5,150
Store Supplies Expense, ?4,300
Store Utilities Expense, ?77,400

Problem 1: How much was total distribution costs for the year?

a. ?324,650

b. ?342,850

c. ?326,300

d. ?303,800

Reference no: EM132831159

Questions Cloud

What is the most salient experience in my life : What is the most salient experience in my life that is directly related to my sex? What new insights, professionally and/or personally, about sexism did I gain.
Research data warehouse vendors : Research some data warehouse vendors and obtain information about their products. Download an information visualization tool, such as Tableau, QlikView, or Spot
What is the amount allocated to the home goods departmen : The home goods department, 7,000 sq ft. Total overhead to be allocated is $64,000. What's the amount allocated to the home goods department?
Contingency planning is risk mitigation process : Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual'.
How much was total distribution costs for the year : How much was total distribution costs for the year? Accumulated Depreciation - Delivery Equipment, ?60,000. Salesmen Salaries and Commissions, ?183,900
What the journal entry to record in classic books : If the customer pays the account in full on March 11, the journal entry to record this in Classic's books under the gross method includes a debit to Cash for
What account balance would be shown for the company : Posting the company's adjustment for expired rent but before any closing entries, a ?120,000 account balance would be shown for the company's
Calculate the non-current portion of each note payable : Pronghorn Corp. is required to pay $25,000 plus interest on March 31 each year starling in 2017. Calculate the non-current portion of each note payable
What adjusted balance in unearned revenue as of october : In September, two games were played. In October, three games were played. The adjusted balance in Unearned Revenue as of October 31, 2020 is

Reviews

Write a Review

Financial Accounting Questions & Answers

  What price would estimate for xyz stock now

If you are a shareholder of XYZ Corporation, would you ask the Board to pay out all earnings as dividend to shareholders? Why or why not?

  Under what circumstances would you need a non-parametric

under what circumstances would you need a non-parametric test?a. when you think your sample size is too big.b. when

  Prepare a bank reconciliation for the month of July

Monthly loan payment deducted directly by bank from account (includes $320 in interest) (3,420). Prepare a bank reconciliation for the month of July

  What is the investing cash flow in transaction

A company bought a $1,000,000 building and $500,000 of land with a $300,000 cash down payment and used a new mortgage to pay the balance. What is the investing cash flow in this transaction?

  Calculate stock dividend shares and cash dividend

Calculate stock dividend shares and cash dividend amounts Assume that you own 4,000 shares of Blueco, Inc. s, common stock and that you currently receive cash dividends of $0.84 per share per year.

  What is another term for translation exposure

What is another term for translation exposure? Under ASPE, hedge accounting is? more restrictive and more complicated than under IFRS.

  What amounts should lockdown report as basic earnings

What amounts should Lockdown report as basic earnings per share in its 2019 and 2020, respevtively, comparative profit and loss statements?

  Prepare the pro-forma income statement

Prepare the pro-forma 2019 income statement and balance sheet for XYZ Corporation. XYZ Corporation published the following information in it financial statement

  How can investors use common stock valuation

Common stock has some subjective element to it. Discuss how can investors use common stock valuation method and interpret the subjective aspect

  What is the portfolio weight on the market in your portfolio

Assume that you invested in a two asset portfolio comprising the market portfolio and T-Bills over the same period covered in the table. Your portfolio beta was exactly the same as Fidelity. What is the portfolio weight on the market in your portfoli..

  What are the equivalent units of production for materials

The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion costs uniformly throughout the process. During May, $200,000 of materials costs and $95,000 in conversion costs were charged to the dep..

  Use the stainless steel pump rather than new brass pump

A pump has failed in a facility that will be completely replaced in 3 years. A brass pump costing $6000 installed will last 3 years. However, a used stainless steel pump that should last 3 more years has been sitting in the maintenance shop for a yea..

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!

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