Solution 1:
Which of these company is manufacturer = Company 2 as it is having raw material inventory, Work in process and finished goods inventory in balance sheet
Which of these company is merchandiser = Company 1
Solution 2a:
Sunrise Foods | |
Balance Sheet - Current Assets section | |
Fiscal year end | |
Particulars | Amount |
Current Assets: | |
Cash | $15,000.00 |
Merchandise inventory | $40,125.00 |
Accounts receivables , net | $57,000.00 |
Prepaid expenses | $3,000.00 |
Total current assets | $115,125.00 |
Solution 2b:
Rayzer Skis Manufacturing | |
Balance Sheet - Current Assets section | |
Fiscal year end | |
Particulars | Amount |
Current Assets: | |
Cash | $13,000.00 |
Raw materials inventory | $37,125.00 |
Work in process inventory | $27,000.00 |
Finished goods inventory | $47,000.00 |
Accounts receivables , net | $80,000.00 |
Prepaid expenses | $600.00 |
Total current assets | $204,725.00 |
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer,...
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 5,000 $3,000 34,375 37,375 25,000 45,000 57,000 76,000 4,500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a....
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 6,000 $ 4,000 38,500 41,500 28,000 48,000 64,000 67,000 3,500 700 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser....
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 6,000 $4,000 38,500 41,500 28,000 48,000 58,000 77,000 5,000 1,000 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a....
Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 9,000 $ 7,000 - 34,375 37,375 25,000 45,000 56,000 67,000 2,500 500 Required: 1. Identify which set of numbers relates to the manufacturer and which to the...
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $11,000 $9,000 44,000 47,000 32,000 52,000 62,000 80,000 3,500 700 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser. (2)...
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Company1 Company 2 $13,000 $11,000 41,250 Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 44,250 30,000 50,000 81,000 600 66,000 3,000 Required: (1) ldentify which set of numbers relates to the manufacturer and which to the merchandiser. (2) Prepare...
Chapter 14 Homework Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company Skipped Cash Raw steriale inventory Morehandise inventory Work in process inventory Pinished good inventory Mocounts receivable, net Prepaid expenses Company 1 Company 2 $12,000 $10,000 34.375 37, 375 25.000 45,000 67.000 75,000 4,500 Required: (1) Identify which set of numbers relates to the manufacturer and which to...
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mig, and the other, Sunrise Foods, is a grocery distribution company Account Company 1 Company 2 $ 7,000 $5,eee 42,eee Raw waterials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, het Prepaid expenses 75,00 Required: (1) Idenuity which set of numbers relates to the manufacturer and which to the merchandiser (2) Prepare the current asset section for...
2 Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company Account Company 1 Company 2 $12,000 37,125 $14,000 Cash Raw materials inventory Merchandise inventory 40,125 27,000 47,000 65,000 600 Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 56,000 3,000 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser...
Exercise 01-7 Balance sheet identification and preparation LO C4 Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $14,000 $12,000 44,000 47,000 32,000 52,000 59,000 67,000 3,000 600 Required: 1. Identify which set of numbers relates to...