Reference no: EM132856561
At the beginning of the current season on April 1, the records of Whispering Winds Pro Shop showed Cash $3,070, Inventory $3,500, and Common Stock $6,570. The following transactions occurred during April 2017.
Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,800.
Apr 9 Received credit from Arnie Co. for merchandise returned $400.
Apr 10 Sold merchandise on account to members $1,230. The merchandise sold had a cost of $750.
Apr 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,070.
Apr 14 Paid Arnie Co. in full.
Apr 17 Received credit from Woods Sportswear for merchandise returned $70.20Made sales on account to members $890. The cost of merchandise sold was $550.
Apr 21 Paid Woods Sportswear in full.
Apr 30Received payments on account from members $1,270.
Problem 1: Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, and Cost of Goods Sold. Enter the beginning balances in the summary.
Find the depreciation expense for the machinery is
: Find the depreciation expense for this machinery is? Detroit decided the estimated useful life of this machinery was only eight years.
|
What was the company operating cash flow
: What was the company's operating cash flow? During the year, the Senbet Discount Tire Company had gross sales of $1.15 million.
|
Investors and creditors or financial statement ratios
: Investors and creditors are typically not interested in the same thing. Decide whether you are an investor or creditor.
|
What is the operating cash flow created each year
: What is the operating cash flow created each year by purchasing this machine? You are considering the purchase of a new machine that will cost $200,000.
|
Prepare a tabular summary that includes the cash accounts
: Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock
|
What percentage of individuals have a z-score
: The results from a statistics class' first exam are as follows: The average grade obtained on the exam by its 25 students is an 83, with a standard deviation of
|
Define in detail the communication approach
: Define in detail the communication approach (audiences, frequencies, mechanisms, and exceptions) you will take to share risk updates.
|
Delivery of prototype from vendor
: One of the risks you anticipated for the project was the late delivery of the prototype from the vendor. What would that opportunity be?
|
Analyze sales of a national retailer
: A researcher wants to include the variable "US State" in a multiple regression to analyze sales of a national retailer.
|