Homework Answers
| Net sales | $ 1,39,000 | ||
| Less :cost of goods sold | $ 1,15,000 | ||
| Gross profit | $ 24,000 | ||
| Gross profit / | Net sales = | Gross profit % | |
| $24000/ | 139000 = | 17.3% | |
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S5-12 (similar to) Malden Landscape Supply's selected accounts as of December 31, 2018 follow. (Click the...
S5-12 Computing the gross profit percentage Macarthy Landscape Supply's selected accounts as of December 31, 2018,...
S5-12 Computing the gross profit percentage Macarthy Landscape Supply's selected accounts as of December 31, 2018, follow Compute the gross profit percentage for 2018. Selling Expenses Interest Revenue Net Sales Revenue Cost of Goods Sold Administrative Expenses $ 12,900 900 194,700 114,000 10.200
10. Big Toys Motorcycle's selected accounts as of December 31, 2018, follow: E(Click the icon to...
10. Big Toys Motorcycle's selected accounts as of December 31, 2018, follow: E(Click the icon to view the accounts and balances.) Prepare the multi-step income statement for the year ended December 31, 2018. Big Toys Motorcycle Income Statement Year Ended December 31, 2018 Net Income (Loss) Data Table Selling Expenses $ 11,900 Interest Revenue 800 Net Sales Revenue 122,000 Cost of Goods Sold 84,000 Administrative Expenses 6,000 Print Done
please assist with the requirements for this problem - thank you E6-39B (similar to) The Shoreline...
please assist with the requirements for this problem - thank
you
E6-39B (similar to) The Shoreline Shop had the following inventory data: E: (Click the icon to view the inventory data.) Read the requirements Requirement 1. Shoreline need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, X.X%.) a FIFO b. LIFO...
The Green Gator Shop had the following inventory data: (Click the icon to view the inventory...
The Green Gator Shop had the following inventory data: (Click the icon to view the inventory data.) Read the requirements. Requirement 1. Green Gator need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, X.X%.) a. FIFO b. LIFO Gross profit percentage * Data Table Requirements - X 2017 2018 1. Company...
Selected accounts of Sparkle Electrical, Inc., at April 30, 2018, follow. B (Click the icon to...
Selected accounts of Sparkle Electrical, Inc., at April 30, 2018, follow. B (Click the icon to view the accounts.) Read the requirements Requirement 1. Prepare the entity's closing entries, Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Apr Close out the expense accounts Journal Entry Account Nate Nehit Credit Choose from any list or enter any number in the input fields and then continue...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
X E3-24A (book/static) Selected accounts of Ramirez Electrical, Inc., at November 30, 2018, follow. (Click the...
X E3-24A (book/static) Selected accounts of Ramirez Electrical, Inc., at November 30, 2018, follow. (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare the entity's closing entries. Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any Journal Entry Accounts Date Debit Credit Nov 30 Service revenue VOLCIO thi Data Table the eve Common stock................$ Service revenue . . . Unearned revenues .. Salaries expense... Accumulated depreciation Supplies expense..... Interest...
Consider the following selected accounts from the records of Sunnydale Enterprises at December 31, 2018: EEB...
Consider the following selected accounts from the records of Sunnydale Enterprises at December 31, 2018: EEB (Click the icon to view the selected accounts and balances.) Read the requirement. Begin by preparing the closing entries for Sunnydale Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Data Table Accounts Debit Credit (1) Dec 31 Cost of services sold Accumulated depreciation .....41,200 Selling, general, and 14,100...
S5-10 (similar to) Cali Communications reported the following figures from its adjusted trial balance for its...
S5-10 (similar to) Cali Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: (Click the icon to view the accounts and balances.) Prepare Cali Communications's multi-step income statement for the year ended July 31, 2018. (Use a minus sign or parentheses to show other expenses.) i Data Table Cali Communications Income Statement Year Ended July 31, 2018 $ $ Cash Selling Expenses Accounts Payable Common Stock Notes...
E2-22 (similar to) 3 Question Help The accounts of Arlington Moving Company follow with their normal...
E2-22 (similar to) 3 Question Help The accounts of Arlington Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. (Click the icon to view the accounts.) Prepare Arlington's trial balance as of August 31, 2018. Balance Account Title Debit Credit © Data Table $ $ Common Stock Insurance Expense Accounts Payable Service Revenue Building Advertising Expense Salaries Expense Cash 42,500 600 4,200 82,000 42,000 200 6,000 4,000 Trucks Fuel...
S5-12 Computing the gross profit percentage Macarthy Landscape Supply's selected accounts as of December 31, 2018, follow Compute the gross profit percentage for 2018. Selling Expenses Interest Revenue Net Sales Revenue Cost of Goods Sold Administrative Expenses $ 12,900 900 194,700 114,000 10.200
10. Big Toys Motorcycle's selected accounts as of December 31, 2018, follow: E(Click the icon to view the accounts and balances.) Prepare the multi-step income statement for the year ended December 31, 2018. Big Toys Motorcycle Income Statement Year Ended December 31, 2018 Net Income (Loss) Data Table Selling Expenses $ 11,900 Interest Revenue 800 Net Sales Revenue 122,000 Cost of Goods Sold 84,000 Administrative Expenses 6,000 Print Done
please assist with the requirements for this problem - thank
you
E6-39B (similar to) The Shoreline Shop had the following inventory data: E: (Click the icon to view the inventory data.) Read the requirements Requirement 1. Shoreline need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, X.X%.) a FIFO b. LIFO...
The Green Gator Shop had the following inventory data: (Click the icon to view the inventory data.) Read the requirements. Requirement 1. Green Gator need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, X.X%.) a. FIFO b. LIFO Gross profit percentage * Data Table Requirements - X 2017 2018 1. Company...
Selected accounts of Sparkle Electrical, Inc., at April 30, 2018, follow. B (Click the icon to view the accounts.) Read the requirements Requirement 1. Prepare the entity's closing entries, Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Apr Close out the expense accounts Journal Entry Account Nate Nehit Credit Choose from any list or enter any number in the input fields and then continue...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
X E3-24A (book/static) Selected accounts of Ramirez Electrical, Inc., at November 30, 2018, follow. (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare the entity's closing entries. Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any Journal Entry Accounts Date Debit Credit Nov 30 Service revenue VOLCIO thi Data Table the eve Common stock................$ Service revenue . . . Unearned revenues .. Salaries expense... Accumulated depreciation Supplies expense..... Interest...
Consider the following selected accounts from the records of Sunnydale Enterprises at December 31, 2018: EEB (Click the icon to view the selected accounts and balances.) Read the requirement. Begin by preparing the closing entries for Sunnydale Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Data Table Accounts Debit Credit (1) Dec 31 Cost of services sold Accumulated depreciation .....41,200 Selling, general, and 14,100...
S5-10 (similar to) Cali Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: (Click the icon to view the accounts and balances.) Prepare Cali Communications's multi-step income statement for the year ended July 31, 2018. (Use a minus sign or parentheses to show other expenses.) i Data Table Cali Communications Income Statement Year Ended July 31, 2018 $ $ Cash Selling Expenses Accounts Payable Common Stock Notes...
E2-22 (similar to) 3 Question Help The accounts of Arlington Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. (Click the icon to view the accounts.) Prepare Arlington's trial balance as of August 31, 2018. Balance Account Title Debit Credit © Data Table $ $ Common Stock Insurance Expense Accounts Payable Service Revenue Building Advertising Expense Salaries Expense Cash 42,500 600 4,200 82,000 42,000 200 6,000 4,000 Trucks Fuel...
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