Reference no: EM13970785
A company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000. What is the company's operating income?
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Journal entry to record estimated uncollectible accounts
: Bestway, Inc. had credit sales of $142,000 for the period. The balance of Allowance for Doubtful Accounts is a debit of $643. If Bestway ages accounts receivable and determines estimated uncollectible accounts to be $2,840, what is the required journ..
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About the foreign tax credit
: A firm that earns $1 million before tax in Brazil pays Brazilian tax of $250,000 and remits the remaining $750,000 as a dividend to its U.S. parent. It pays a 5% dividend withholding tax on its remittance. Assuming a US tax rate of 35%, the parent wi..
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Journal entry for the estimated uncollectible accounts
: A company has $317,000 in credit sales. The company uses the allowance method to account for uncollectible accounts, and the Allowance for Doubtful Accounts now was an $8,150 debit balance. If the company estimates 6% of credit sales will be uncollec..
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How many days is the days-sales-in-inventory
: Goods available for sale total $25,000, beginning inventory is $8,000, endings inventory is $12,000, and cost of goods sold is $10,000. How many days is the days-sales-in-inventory?
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What is the companys operating income
: A company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000. What is the company's operating income?
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How much is the amount in ending retained earnings
: Beginning Retained Earnings are $65,000, sales are $29,500, expenses are $33,000, and dividends paid are $3,500. How much is the amount in ending Retained Earnings?
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Present value of the investment
: An investment offers $3,300 per year for 19 years, with the first payment occurring one year from now. If the required return is 8 percent, the present value of the investment is $___. If the payments occurred for 34 years, the present value of the i..
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What is the companys cost of goods sold
: A company has $8,200 in net sales, $1,100 in gross profit, $2,500 in ending inventory, and $2,000 in beginning inventory. What is the company's cost of goods sold?
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What is the journal entry to record the return
: Cosmo company purchases goods for resale for galaxy, inc. the amount of the purchase is $12,500 with terms 3/10, n/30. cosmo later returns $500 worth of the goods. under the perpetual inventory method, what is the journal entry to record the return?
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