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Type: Posts; User: RosieJ74

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  1. Answers
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    376

    Cost of Goods Sold

    Find the 1999's Cost of Goods Sold from the following Info:
    Purchases $530k
    Purchase Discounts $10k
    Beginning Inventory $160k
    Ending Inventory $215k
    Freight-out $40k

    A. $465,000
    B. $475,000...
  2. Question: Journal Entries

    by RosieJ74
    Answers
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    318

    Journal Entries

    Ok, the company records purchases net of discount.
    They bought merchandise valued at $10k on credit terms 3/15, n/130
    The entry to record a payment for half the purchase price w/in the discount...
  3. Answers
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    343

    A/P and Balance Sheets

    Monday, Inc had an A/P balance at Dec 31 of $1,800,000
    Other transactions not considered beforehand are:
    * Goods were in transit from a vendor to Monday
    Invoice price 100k and were shipped...
  4. Question: Inventory Value

    by RosieJ74
    Answers
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    317

    Inventory Value

    A company sells four products. They have consistently experienced a profit margin of 20% of sales and expects this rate to hold for the future. This is the most recent year totals as of Dec 31
    ...
  5. Question: Holding gain?

    by RosieJ74
    Answers
    1
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    806

    Holding gain?

    A debit balance in the account Market Adjustment - Available-for-Sale Securities at the end of the year should be interpreted as the net

    A. unrealized holding gain for that year

    B. realized...
  6. Answers
    9
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    2,571

    Inventory loss

    On June 19th, 1999, a fire destroyed the entire uninsured merchandise inventory of Xbot Merchandising

    Inventory, Jan 1st $80,000
    Purchases, Jan 1st - June 19th $560,000
    Sales, Jan 1st -...
  7. Answers
    9
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    2,571

    Average Cost Method

    Using Average Cost Method, determine the Cost of Goods Sold

    # of Pairs Price Each Total
    Beginning Inventory 10 $20 $200
    Jan 6 Purchase 4 $25 $100
    Jan 10 Sale 5 $- $-
    Jan 15...
  8. Answers
    9
    Views
    2,571

    Lower-of-cost or Market Value Method (Pens)

    The Bumblebee Corp uses the lower-of-cost-or-market method to value inventory. Data table below

    WIP Inventory Markers Pens Highlighters
    Historical cost $24,000 $18,880 $30,000
    Selling...
  9. Answers
    9
    Views
    2,571

    Gross Margin and it's effect on Inventory Balance

    Another company, a wholesale electronics distributor, prepared the following partial Income Statement

    Gross Sales $600,400
    Sales Discounts $400
    Net Sales $600,000
    Beginning Inv. ...
  10. Answers
    9
    Views
    2,571

    The Cost of Goods Sold

    Find the 1999's Cost of Goods Sold from the following Info:
    Purchases $530k
    Purchase Discounts $10k
    Beginning Inventory $160k
    Ending Inventory $215k
    Freight-out $40k

    A. $465,000
    B. ...
  11. Answers
    9
    Views
    2,571

    Journal entries

    Ok, the company records purchases net of discount.
    They bought merchandise valued at $10k on credit terms 3/15, n/130
    The entry to record a payment for half the purchase price w/in the discount...
  12. Answers
    9
    Views
    2,571

    Balance Shhet A/P

    Monday, Inc had an A/P balance at Dec 31 of $1,800,000
    Other transactions not considered beforehand are:
    * Goods were in transit from a vendor to Monday
    Invoice price 100k and were shipped...
  13. Answers
    9
    Views
    2,571

    LIFO and the value of inventory

    At the end of Year 1, the company adopted the LIFO method.
    The end of year inventory cost was calculated to be $20k

    Year ENding Inv at Year end Prices Price Index
    1 ...
  14. Answers
    9
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    2,571

    8 Questions, not one

    THERE ARE 8 QUESTIONS HERE>>>>PLEASE READ THEM ALL


    A company sells four products. They have consistently experienced a profit margin of 20% of sales and expects this rate to hold for the future....
  15. Answers
    2
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    3,260

    You are welcome Tried to help

    You are welcome
    Tried to help
  16. Answers
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    579

    In Need of a Tutor

    I need a tutor for Intermediate Accounting. I don't even know where to begin... Can somebody please help me from the beginning... PLEASE:confused:
  17. Question: 3 month needle

    by RosieJ74
    Answers
    1
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    1,112

    After the depo shot, depending on how long you...

    After the depo shot, depending on how long you were on it, it can take up to 1 year to get your period. I was on it for 2 doses (6 months) and I didn't get my period for another 6 months. However,...
  18. Answers
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    547

    Consignment? What is it?

    These are the transactions during the month of December for MOnarch

    Inventory shipped on cosignment to AB Co. 18k
    Freight paid by Monarch ...
  19. Answers
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    446

    net realizable value of a/r year ending

    Here is the analysis and aging of the A/r

    A/R 450k
    Allow for doubtful accounts
    (b4 adjustment) (cr) 25k
    Accounts estimated to be uncollectible 32k

    What is the net realizable...
  20. Answers
    0
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    545

    Debits and credits

    OK I'm trying to figure this out

    Molly's Mushrooms received a one-year noninterest bearing note receiveable. How did they record it

    Interest receivable discount on note receivable
    a. ...
  21. Answers
    2
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    1,070

    Squarefree -- From MathWorld...

    Squarefree -- From MathWorld is a site that might be able to help you.
  22. Answers
    17
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    2,200

    Jnet, I have four kids also and it seems like...

    Jnet,
    I have four kids also and it seems like everyone I have had, the faster I started showing. When is you ultrsound?
  23. Answers
    2
    Views
    2,964

    Diet pills have a tendency to cause a person to...

    Diet pills have a tendency to cause a person to crash diet. Try and increase your water intake and then ask your doctor what you can do. Diet pills do work, but once you stop, you can put the...
  24. Answers
    6
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    750

    I believe that you should contact a lawyer. ...

    I believe that you should contact a lawyer. Especially for a free consultation. A lawyer would be the best bet for now. You can also try to file the charges with the police station. The station...
  25. Answers
    2
    Views
    3,260

    Learn Kazakh Online - Write or Speak in Kazakh...

    Learn Kazakh Online - Write or Speak in Kazakh Language Exchange

    I hope this helps
  26. Question: Wrestling

    by RosieJ74
    Answers
    1
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    2,287

    The official website of the legendary, Eddie...

    The official website of the legendary, Eddie Guerrero!, this is main website. He died in Nov. 2005
  27. Answers
    3
    Views
    2,890

    The song from the Old Navy commercial 'Spring...

    The song from the Old Navy commercial 'Spring Loves Stripes' - Clap! Shake! Jump! - mredkj.com is a place u can find your info
  28. Answers
    2
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    2,755

    I found your song It is called Let's Rock It is...

    I found your song
    It is called Let's Rock
    It is by SOul Chip
    If you need to find it, let me know
  29. Answers
    2
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    2,259

    I have gone through all my Scooter music and I...

    I have gone through all my Scooter music and I can't find it... Ill keep trying
  30. Answers
    1
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    9,028

    Suzy Boggus, Letting Go

    Suzy Boggus, Letting Go
  31. Answers
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    533

    Business Accounting

    4.1 Joleen Harmon, CPA
    Client A 20 hrs Partner 100 hrs Staff
    Client B 12 hrs 80 hrs
    85.00 / hr Paid 25.00 / hr Paid
    60% Billed 20.00 / hr Billed
    ...
  32. Answers
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    450

    Business accounting

    Data is for a production company:
    Beginning inventory 1000 units, 3/4 completed
    Finished and transferred 16000 units
    Work in process, end of month 2000 units 1/2 completed

    All materials,...
  33. Answers
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    4,540

    Direct Material Variances

    What type would it be if the price and quantity arose if the actual number of lbs of materials used exceeds standards lbs aalowed but actual cost is less than the standard cost?

    I think that the...
  34. Question: Flexible Budget

    by RosieJ74
    Answers
    1
    Views
    5,296

    Flexible Budget

    What is its purpose?

    eliminate cyclical fluctuations in producation reports by ignoring variable costs
    compare actual and budgeted results at virtually every level of production
    reduce total...
  35. Question: Spanish

    by RosieJ74
    Answers
    2
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    1,497

    You can call a bookstore, like borders, they...

    You can call a bookstore, like borders, they might be able to tell you where u can get the manual
  36. Answers
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    1,328

    U can also try Acqua di gio by armani, its light...

    U can also try Acqua di gio by armani, its light and subtle and my nose doesn't get stuffed up from it;)
  37. Question: Mood Enhancement

    by RosieJ74
    Answers
    10
    Views
    3,258

    Thank you for your response

    Thank you for your response
  38. Question: Mood Enhancement

    by RosieJ74
    Answers
    10
    Views
    3,258

    Mood Enhancement

    I am overstressed and was wondering if anybody had any suggeestions about an alternate to anti-depressants/anti-anxiety medications.
  39. Question: Allergies

    by RosieJ74
    Answers
    4
    Views
    1,227

    Sudafed seems to have a good line of medications...

    Sudafed seems to have a good line of medications for allergy symptoms. Another one might be Advil. Remember that you body does develop an immunity to medications, so u might want to talk to your...
  40. Answers
    4
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    1,318

    Depends on how long you have been taking it... I...

    Depends on how long you have been taking it... I you only had one dose, it could be out of your system in about 6 months from when u were administered the shot
  41. Completed...

    Completed...
  42. Answers
    9
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    23,098

    1 Tori Spelling 2 Bayside High 3 Im So Excited...

    1 Tori Spelling
    2 Bayside High
    3 Im So Excited
    4
    5 Jeff
    6 Valley
    7
    8
    9 Stacey Corosi
    10 Rod
  43. Answers
    1
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    4,117

    Overhead Variance

    Company A uses a standard cost system. Overhead cost information for Product CO for the month of October follows:

    Total actual overhead incurred $14,750...
  44. Question: Cost Accounting

    by RosieJ74
    Answers
    0
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    598

    Cost Accounting

    A company that began its operations on January 1, produces a single product that sells for $10.25 per unit. Standard capacity is 80k units per year. This year, 80k units were produced and 70k were...
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