Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1.The inventory systems that uses the merchandise inventory account as an active account is called?
a. periodic system.
b. perpetual system
c LIFO system
d. FIFO system
2. Cost of goods sold is shown on the?
a. balance sheet as an assets.
b. income statement before gross profit.
c. statment of retained earnings.
d. income statement after gross profit.
3. Ignoring a write-off- of inventory that will not affect the financial statements to users of the information is an example of.
a. conservatism
b. consistency
c. materiality
d. entity
On October 1, Lemke issued $6,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds have been converted. The number of shares to be used in computing basic earnings per share and diluted earnings..
The relevant costs for the year are as follows: machinery for $10,000, $800 shipping, $50 for delivery insurance, $500 for installation, $750 for sales tax, $150 for annual tune up, and $200 of property taxes (an annual tax on business property). ..
journalize the following entries on the books of the borrower and creditor. assume a 360-day year is used for interest
the following income statement items are taken from the records of singer company for the year ended december 31
athena company has two divisions. spartan division which has an investment base of 8400000 produces and sells 450000
What is the present value of the following annuities? a. $2,500 a year for 10 years discounted back to the presentat 7 percent b. $70 a year for 3 years discounted back to the present at3 percent
1.a company had sales of 699000 and cost of goods sold of 280000. its gross profit
The following January, Shaver announced a $100,000 net income for 2011 and declared a cash dividend of $.50 per share on its 100,000 shares of outstanding common stock. The Northwick Company dividend revenue from Shaver Corp. in January 2011 would..
a company uses the equity method to account for an investment. this would result in what type of difference and in what
Swagelok Enterprises is manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were given below:
A company has net income of $180,000, a profit margin of 7.5 percent, and an accounts receivable balance of $119,370. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables?
find the present value of the following scenarios a. an annual payment of 1500 over 6 years with an interest rate
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd