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On January 1, Java Shop had $360,000 of inventory at cost. In the first quarter of the year, it purchased $1,267,200 of merchandise, returned $11,450, and paid freight charges of $18,100 on purchased merchandise, terms FOB shipping point. The company's gross profit averages 34%, and the store had $1,594,800 of net sales (at retail) in the first quarter of the year. Use the gross profit method to estimate its cost of inventory at the end of the first quarter. (Omit the "tiny_mce_markerquot; sign in your response.)Cost of inventory at the end of the first quarter?
the crestar company reported net income of 87400 on 18000 outstanding common shares. preferred dividends total 11800.
maria alvarez a beginning accounting student believes debit balances are favorable and credit balances are unfavorable.
market company begins the year with 200000 of goods in inventory. at year-end the amount in inventory has increased to
On December 31, 2008, Kean Company changed its method of accounting for inventory from weighted average cost method to the FIFO method. This change caused the 2008 beginning inventory to increase by $420,000. The cumulative effect of this accounti..
A corporation that has both preferred and common stock has a deficit in accuulated earnings and profit at the beginning of the year. The current earnings and profits are $25,000.
Presented below is selected information from the Kudlick Company's current period accounting records (in $000s):
You are required to write a report to your boss to help her understand these terms trial balance, cash book, general journal, books of prime entry effects of transactions and accounting equation.
leslie manufacturing company purchased land adjacent to its factory for the installation of a holding area for
haar inc. is a merchandising company. last month the companys cost of goods sold was 61000. the companys beginning
What is the journal entry for a endowment that was invested in $95,000 of par value City of Jackson 6 percent bonds at 103 plus accrued interest of $823.
Write a password policy that your company will have to follow to ensure strong passwords.Describe some of the types of attacks that can be launched against a network.What is a DMZ, and what is it used for?
The Polk stock was purchased for $5 per share. Market value was $10 per share on the declaration date and $11 per share on the distribution date. What is the amount of the dividend?
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