Off-line co has 9000 units in beginning finished goods the

Assignment Help Accounting Basics
Reference no: EM13573566

Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods? 

Reference no: EM13573566

Questions Cloud

They purchased a machine that cost 5000000 that they : a company had the following situation last yeargross sals- 5890000expenses- 3500000. they purchased a machine that
Explain how financial statements reflect the business : explain how financial statements reflect the business activities of a
Explain the claim while we theoretically use the effective : explain the claim while we theoretically use the effective interest rate to compute a bonds present value in practice
The bonds have a par value of 1000 and amarket price of : culpepper supply has a bond issue outstanding that pays a 8 couponand matures in 14 years. the bonds have a par value
Off-line co has 9000 units in beginning finished goods the : off-line co. has 9000 units in beginning finished goods. the sales budget shows expected sales to be 36000 units. if
The expected gross profit rate is 40 and the inventory at : the expected gross profit rate is 40 and the inventory at the end of february was 10000. desired inventory levels at
Chriss cookie toppings makes payment on its inventory : chriss cookie toppings makes payment on its inventory purchase as follows 25 in the month of purchase 65 in the
Hugo reyes company had the following account balances at : hugo reyes company had the following account balances at year-end cost of goods sold 60000 inventory 15000 operating
Nagel inc has sales of 330600 total assets of 252100 and a : nagel inc. has sales of 330600 total assets of 252100 and aprofit margin of 7.5 percent. what is the return on assets?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Management holds periodic meetings with their direct report

Management holds periodic meetings with their direct reports to determine corrective action when needed. What is their responsibility? Controlling, controlling and directing, controlling and planning, directing, directing and planning or planning?

  At the end of 2007 carroll corporation a calendar year

at the end of 2007 carroll corporation a calendar year accrual basis c corporation wanted to make a contribution to a

  Which of following costs are likely to be fully controllable

Which of the following costs are likely to be fully controllable, partially controllable, or not controllable by the chief of the production department?

  Fair value of identifiable net assets

On July 1, 2011, Tremen Corporation acquired 40% of the shares of Delany Company. Tremen paid $3,000,000 for the investment, and that amount is exactly equal to 40% of the fair value of identifiable net assets on Delany's balance sheet.

  Journal entries for bond issuance-interest-amortization

Please describe how to prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.

  Write a one half page report to a local not for profit

Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among non-profit organizations and government agencies is for management to spend any amounts remaining i..

  With the introduction of computer-generated animated films

with the introduction of computer-generated animated films cgi there has been much discussion of the impact on the

  The list price of the land and building was 920000 the dec

the iowa corp. acquired a piece of land with a building on it by paying 100000 down and signing a 779000 4.5 mortgage

  Needs space has entered into a lease agreement with we have

needs space has entered into a lease agreement with we have it to rent space for its corporate offices. the lease is

  Prepaid expenses and accounts payable

A company had net income of $242,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2000 and $4000, respectively. T..

  Prepare the entry or entries related to the machine

Quigley co. bought a machine in January 1, 2009 for $875,000. It had a $75,000 estimated residual value and ten year life. The repairs and maintance expense account was incorrectly debited on the purchase date. Quigley uses straight-line depreciat..

  What is the controllers responsibility

What is the controller's responsibility with respect to a president who doesn't know much accounting?

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