Homework Answers
Differential costs are $5 per unit
As it can buy $7 per unit to westa and making cost is $12 so the differential cost is $5 per unit.
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CALCULATOR PRINTER VERSION BLACK kultiple Choice Question 86 During 2016, It cost Marigold Corp. $9 per...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 3-05 On July 1, 2020, Marigold Corp. pays...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 3-05 On July 1, 2020, Marigold Corp. pays $13,200 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Marigold Corp, journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles...
CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 6-11 (Part Level Submission) Marigold Corp. reported the fo...
CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 6-11 (Part Level Submission) Marigold Corp. reported the following income statement data for a 2-year period. 2018 2019 $215,000 $257,500 Sales revenue Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 32,500 192,500 225,000 44,000 181,000 $34,000 44,000 217,500 261,500 55,000 206,500 $51,000 Gross profit Marigold Corp. uses a periodic inventory system. The inventories at January 1, 2018, and...
CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 x Your answer is incorrect. Try again. Marigold Corp....
CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 x Your answer is incorrect. Try again. Marigold Corp. is about to issue $310,200 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. Click here to view the factor table 1 Click here to view the factor table 2 Click here to view the factor table Click here to view the factor table 4. How much can Marigold expect to receive for...
US Help l System Announcements CALCULATOR PRINTER VERSION Multiple Choice Question 167 13 The following information...
US Help l System Announcements CALCULATOR PRINTER VERSION Multiple Choice Question 167 13 The following information relates to Sheridan Company: Prepaid Insurance, December 31, 2021 $253700 23 Prepaid Insurance, December 31, 2022 235200 Insurance expense for 2017 1344000 n 31 Using the direct method of reporting cash flows from operating activities, what was the amount of cash paid for insurance premiums by Sheridan during 2022? on 39 O $1579200. O $1362500. $1325500. O $1362500. Click if you would like to...
Multiple choice question CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to...
Multiple choice question
CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to issue 10000 shares of 1000096, $100 par value preferred stock and 458000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 5000 shares of preferred stock for land with an asking price of $569000 and a market value of $542000, which of the following would be the journal entry for Sheridan to record? O Land O Land...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 185 Gordon Manufacturing earned net income of $100,000 during 2015....
CALCULATOR PRINTER VERSION BACK NEXT Exercise 185 Gordon Manufacturing earned net income of $100,000 during 2015. The company wants to earn net income of $40,000 more during 2016. The company's fixed costs are expected to be $147,000, and variable costs are expected to be 30% of sales. Determine the required sales to meet the target net income during 2016, Required sales Fill in the dollar amounts for the summary income statement for 2016 below, based on your answer to part...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will blue's Bookstore make to show the Apri remittance Sales Taxes Payable O No entry required. Sales Tax Expense Cash Sales Tax Expense Sales Taxes Payable Question Attempts of 1 used SAVE FOR LATER SUBMIT ANSWER
CALCULATOR PRINTER VERSION BACK NEXT Exercise 176 In the month of September, Matlock Industries sold 800...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 176 In the month of September, Matlock Industries sold 800 units of product. The were 70% of sales. trage sales price was $30. During the month, foxed costs were $6,300 and variable costs Determine the contribution margin in dollars, per unit, and as a ratio Contribution margin (in cours) Unit contribution margin Contribution margin ratio Using the contribution margin technique, compute the break-even point in dollars and in units Break-even sales in dollars) Break-even...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 4-17 Marigold Corp. has the following information available for...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 4-17 Marigold Corp. has the following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually. 1. 2. 3. The December utility bill for $330 was unrecorded on December 31, Marigold paid the bill on January 11. Marigold is open 7 days a week and employees are paid a total of $2,730 every Monday for a 7-day (Monday-Sunday) workweek. December 31 is a Thursday, so employees...
CALCULATOR FULL SCREEN PRINTER VERSION ESOURCES BACK NEXT Do It! Review 9-02b 9-09 x Your answer...
CALCULATOR FULL SCREEN PRINTER VERSION ESOURCES BACK NEXT Do It! Review 9-02b 9-09 x Your answer is incorrect. Try again v9-02a w 9-026 Cheyenne Corp. purchased a piece of equipment for $38,000. It estimated a year life and $1,520 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $3,040. Compute the revised depreciation Company uses straight-line depreciation method. (Round answer...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 3-05 On July 1, 2020, Marigold Corp. pays $13,200 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Marigold Corp, journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles...
CALCULATOR STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 6-11 (Part Level Submission) Marigold Corp. reported the following income statement data for a 2-year period. 2018 2019 $215,000 $257,500 Sales revenue Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 32,500 192,500 225,000 44,000 181,000 $34,000 44,000 217,500 261,500 55,000 206,500 $51,000 Gross profit Marigold Corp. uses a periodic inventory system. The inventories at January 1, 2018, and...
CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 x Your answer is incorrect. Try again. Marigold Corp. is about to issue $310,200 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. Click here to view the factor table 1 Click here to view the factor table 2 Click here to view the factor table Click here to view the factor table 4. How much can Marigold expect to receive for...
US Help l System Announcements CALCULATOR PRINTER VERSION Multiple Choice Question 167 13 The following information relates to Sheridan Company: Prepaid Insurance, December 31, 2021 $253700 23 Prepaid Insurance, December 31, 2022 235200 Insurance expense for 2017 1344000 n 31 Using the direct method of reporting cash flows from operating activities, what was the amount of cash paid for insurance premiums by Sheridan during 2022? on 39 O $1579200. O $1362500. $1325500. O $1362500. Click if you would like to...
Multiple choice question
CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to issue 10000 shares of 1000096, $100 par value preferred stock and 458000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 5000 shares of preferred stock for land with an asking price of $569000 and a market value of $542000, which of the following would be the journal entry for Sheridan to record? O Land O Land...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 185 Gordon Manufacturing earned net income of $100,000 during 2015. The company wants to earn net income of $40,000 more during 2016. The company's fixed costs are expected to be $147,000, and variable costs are expected to be 30% of sales. Determine the required sales to meet the target net income during 2016, Required sales Fill in the dollar amounts for the summary income statement for 2016 below, based on your answer to part...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will blue's Bookstore make to show the Apri remittance Sales Taxes Payable O No entry required. Sales Tax Expense Cash Sales Tax Expense Sales Taxes Payable Question Attempts of 1 used SAVE FOR LATER SUBMIT ANSWER
CALCULATOR PRINTER VERSION BACK NEXT Exercise 176 In the month of September, Matlock Industries sold 800 units of product. The were 70% of sales. trage sales price was $30. During the month, foxed costs were $6,300 and variable costs Determine the contribution margin in dollars, per unit, and as a ratio Contribution margin (in cours) Unit contribution margin Contribution margin ratio Using the contribution margin technique, compute the break-even point in dollars and in units Break-even sales in dollars) Break-even...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 4-17 Marigold Corp. has the following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually. 1. 2. 3. The December utility bill for $330 was unrecorded on December 31, Marigold paid the bill on January 11. Marigold is open 7 days a week and employees are paid a total of $2,730 every Monday for a 7-day (Monday-Sunday) workweek. December 31 is a Thursday, so employees...
CALCULATOR FULL SCREEN PRINTER VERSION ESOURCES BACK NEXT Do It! Review 9-02b 9-09 x Your answer is incorrect. Try again v9-02a w 9-026 Cheyenne Corp. purchased a piece of equipment for $38,000. It estimated a year life and $1,520 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $3,040. Compute the revised depreciation Company uses straight-line depreciation method. (Round answer...
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