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Kelley, the provided the following account balances for 2018 Cost of Goods Cost of sales Be...
5. Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of...
5. Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory AED 1,300,000 330,000 350,000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2018, (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)_ Days.
od 150 for a from March 1 ment for the year ending December 317 December the...
od 150 for a from March 1 ment for the year ending December 317 December the companys A company u the first Dep sed 110 units for $30 each on January 31 purchased 150 units for $25 each on February 28. r o wentaryong method what is the amount of Cost of Goods Sold on the income ry system) o OA 52.300 14300 C32.750 OD 17.050 postindustrial ap for 1.000 a 70 for the right-in. The company sold the whole...
M LI View Help 37) Kelley Company provided the following account balances for 2018: Cost of...
M LI View Help 37) Kelley Company provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,300,000 340,000 350,000 Calculate the average number of days that inventory was held by Kelley Company during 2018 (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.) A) 95.55 days B) 194.15 days C) 96.82 days D) 98.38 days 38) Which of the following is...
The balances of select accounts of Emotinc as of December 31, 2018 are given below 51300...
The balances of select accounts of Emotinc as of December 31, 2018 are given below 51300 Notes Payable short-term Salaries Payable Notes Payable long-term Accounts Payable Uneamed Revenue Interest Payable 24 000 3.600 2000 2200 The Uneared Revenue is the amount of cash received for services to be rendered in January 2019 The W on the balance sheet at December 31, 2018? est Payable is die on February 15 2019 What are the show OA. 511,600 OB. $12.900 OC. 510...
Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales) Beginning...
Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,200,000 300,000 630,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.) O A. 2.58 times per year OB. 1.29 times per year O c. 1.9 times per year OD. 4 times per year
Phps, Inc. had the following financial data for the year ended December 31, 2019. Cash equivalents...
Phps, Inc. had the following financial data for the year ended December 31, 2019. Cash equivalents Long term investments Total current liabilities $44.000 77.000 55,000 140,000 What is the cash ratio as of December 31, 2010, for Phillips, Inc.? (Round your answer to two decimal places.) OA 0.48 OB 0.38 OC 0.83 Ralwins, Ine had the following balances and transactions during 2018, from January 1 to December 31: Beginning Merchandise Inventory March 10 June 10 October 30 400 units at...
Question 1 Given below are account balances for Charlie Company: Gross sales, $100,000 Sales returns and...
Question 1 Given below are account balances for Charlie Company: Gross sales, $100,000 Sales returns and allowances, $6,000 Selling expenses, $12,000 Cost of goods sold, $54,000 Interest expense, $3,000 How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal places. Example - enter 46% as .46) Question 2 Merchandise is sold on account on January 16, terms 2/10, n/30, and recorded by debiting Accounts Receivable and crediting Sales for $2,000. If payment occurs on January...
The following account balances are provided for Green Goblin Corporation at December 31 2018: Title Accounts...
The following account balances are provided for Green Goblin Corporation at December 31 2018: Title Accounts payable Accounts receivable Bank loan due June 1, 2020 Cash Commissions payable Salaries and wages payable Common stock (no par) Equipment (net) Interest payable Interest receivable Investments Prepaid expenses Retained eamings Supplies Unearmed revenue Balance 65,000 90,000 154,000 45,000 12,000 16,000 200,000 318,750 1200 450 33,000 28,000 71,700 25,000 32,000 All January 2019 transactions follow: 1. Provided services on account for a total of...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
5. Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory AED 1,300,000 330,000 350,000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2018, (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)_ Days.
od 150 for a from March 1 ment for the year ending December 317 December the companys A company u the first Dep sed 110 units for $30 each on January 31 purchased 150 units for $25 each on February 28. r o wentaryong method what is the amount of Cost of Goods Sold on the income ry system) o OA 52.300 14300 C32.750 OD 17.050 postindustrial ap for 1.000 a 70 for the right-in. The company sold the whole...
M LI View Help 37) Kelley Company provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,300,000 340,000 350,000 Calculate the average number of days that inventory was held by Kelley Company during 2018 (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.) A) 95.55 days B) 194.15 days C) 96.82 days D) 98.38 days 38) Which of the following is...
The balances of select accounts of Emotinc as of December 31, 2018 are given below 51300 Notes Payable short-term Salaries Payable Notes Payable long-term Accounts Payable Uneamed Revenue Interest Payable 24 000 3.600 2000 2200 The Uneared Revenue is the amount of cash received for services to be rendered in January 2019 The W on the balance sheet at December 31, 2018? est Payable is die on February 15 2019 What are the show OA. 511,600 OB. $12.900 OC. 510...
Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,200,000 300,000 630,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.) O A. 2.58 times per year OB. 1.29 times per year O c. 1.9 times per year OD. 4 times per year
Phps, Inc. had the following financial data for the year ended December 31, 2019. Cash equivalents Long term investments Total current liabilities $44.000 77.000 55,000 140,000 What is the cash ratio as of December 31, 2010, for Phillips, Inc.? (Round your answer to two decimal places.) OA 0.48 OB 0.38 OC 0.83 Ralwins, Ine had the following balances and transactions during 2018, from January 1 to December 31: Beginning Merchandise Inventory March 10 June 10 October 30 400 units at...
The following account balances are provided for Green Goblin Corporation at December 31 2018: Title Accounts payable Accounts receivable Bank loan due June 1, 2020 Cash Commissions payable Salaries and wages payable Common stock (no par) Equipment (net) Interest payable Interest receivable Investments Prepaid expenses Retained eamings Supplies Unearmed revenue Balance 65,000 90,000 154,000 45,000 12,000 16,000 200,000 318,750 1200 450 33,000 28,000 71,700 25,000 32,000 All January 2019 transactions follow: 1. Provided services on account for a total of...
8. Which of the following accounts has a normal debit balance? a. Accounts Payable b. Sales Returns and Allowances c. Sales d. Interest Revenue 9. Using a perpetual inventory system, the entry to record the purchase of $30,000 of merchandise on account would include a a. debit to Sales b. debit to Merchandise Inventory c. credit to Merchandise Inventory d. credit to Sales 10. A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30%...
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