Homework Answers
- OTB is calculated as Planned sales + closing inventory + markdowns - opening inventory
- Therefore for the month of August the OTB stands as 18,600 + 21000 - 32500 = 7100
- For the month of April, it comes to 100000 + 215000 - 185000 = 130000
- Purchases during the month are irrelevant for calculating OTB.
- BOM of next month will be the ending inventory of current month.
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1. In August the BOM stock is $32,500. Planned sales are $18.600 During the first week,...
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Aug 1. Owners invest $100,000 cash in exchange for 10,000
shares of $1 par-common stock.
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life of the note (i.e., on 7/31/2017). The equipment has a 5 year
life and a $2,000 salvage value. Depreciation will be...
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following transactions occur during the month of August.
Aug 1. Owners invest $100,000 cash in exchange for 10,000
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month, 6% note. Interest is not to be paid until the end of the
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