Homework Answers
Sales during December, year 9 - $ 1,000,000
Return within 30 days - 7%
Additional return within 90 days - 3%
Since, the returns of 7% and 3% have historically happened, Fox should consider the impact of these returns in estimating the Net Sales while reporting its Income statement for the month of December, year 9.
Thus, % total returned within 90 days = 10% (7% + 3%)
Sales returned value = $1,000,000 * 10% = $100,000
Thus, net sales to be reported = Sales (Gross) - Sales Returned = $1,000,000 - $100,000 = $900,000.
The information of sales in year 10 and year 11 are not relevant for this question.
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Question 1 Fox...
Fox Stores, Inc. had sales of $1,000,000 during December, Year 9. Experience has shown that merchandise...
Fox Stores, Inc. had sales of $1,000,000 during December, Year 9. Experience has shown that merchandise equaling 7% of sales will be returned within 30 days and an additional 3% will be returned within 90 days. The sales for Year 10 and Year 11 are $1,000,000 and $2,000,000, respectively. What amount should Fox report for net sales in its income statement for the month of December, Year 9?
please i want a detailed solution and a clear hand writing thank you Test: Income Statement...
please i want a detailed solution and a clear hand writing thank
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please provide me with the detailed right answers with clear hand writing please thank you so...
please provide me with the detailed right answers with
clear hand writing please thank you so much.
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please take your time and solve correctly and provide detailed explanation with clear hand writing thank...
please take your time and solve correctly
and provide detailed explanation with clear hand writing thank
you
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Hello,
I need detailed solution for this question
Note: check attachments
Thank you
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Fox Stores, Inc. had sales of $1,000,000 during December, Year 9. Experience has shown that merchandise equaling 7% of sales will be returned within 30 days and an additional 3% will be returned within 90 days. The sales for Year 10 and Year 11 are $1,000,000 and $2,000,000, respectively. What amount should Fox report for net sales in its income statement for the month of December, Year 9?
please i want a detailed solution and a clear hand writing thank
you
Test: Income Statement In Class Exercise 1 Question 2 Fox Co. reported the following balances at December 31, 2019, for their calendar financial statements: Loss on foreign currency contract translation Gain on sale of discontinued operating assets Loss on operations of discontinued segment Net income Gain on sale of available-for-sale-securities (50,000) 200,000 (80,000) 500,000 150,000 Assuming no income taxes, what amount should Fox report as comprehensive income...
please provide me with the detailed right answers with
clear hand writing please thank you so much.
[1] Draw the chemical structure of the reagents and products to prepare compound (A) starting from Benzene. This is a multistep preparation. COOH O- - - SOZH Compound (A) [2] Identify the absolute configuration of the chiral carbon atom (with an asterisk) if it is [R] or (S). Show the priorities and rotation. (The atomic numbers are H=1, C=6, N=7, O=8, CI=17] HO...
please take your time and solve correctly
and provide detailed explanation with clear hand writing thank
you
CSCI 150008001, Home Work 2. These should be returned to your recitation instructors. There are 4 statements below. For each one, indicate (a) if it is a universal or existential statement, (b) what is "given”, what is “must show”, (c) whether the statement is true or false and (d) supply a proof supporting your part (c). 4. For any l, m, n E...
Please solve questions one and two with clear explanation and
clear hand writing
Thank you
1. For the two blocks below, draw free body diagrams for each (assume the larger box is on the floor). What force (F) must be applied to have the smaller not slide down; the coefficient of static friction is 0.6 0.5 Kg 10 Kg 2. Draw a free body diagram for each block in the system. Find the acceleration of the system and the tensions...
Please I want full solution please. Make your writing clear.
Thank you so much.
A clinic variable costs per visit is SR350 and total fixed costs are SR250,000, has provided two methods contract to two companies. The first under capitation; revenue SR1,200,000, and the second under FFS reimbursement SR600 per visit. Required 1. Prepare the P&L statement under capitation and FFS reimbursement for 2,000, 2,500, and 3,000 visits. 2. Explain the profit and loss variation between both methods 1. P&L...
Could you please provide a clear and detailed worked solution
for the following problem. Please only answer if you have clear and
easy to read hand writing. I will leave some feedback that matches
the quality of your answer.
Thank you
The line density of electnc charge is given by the formula 9(x,y.즈)= yxs/729c/m. Calculote the total electric charge R of a wire wholh shope is dlescribed parametncally n 3D space as: x- 3 cos t , y-3 sin t...
Hello,
I need detailed solution for this question
Note: check attachments
Thank you
mere to search Signature: Date: Assignment 1 HRM210 W2020 Name: Student ID 3. BeleVu Supplies showed the following se Accounts Receivable Supplies showed the following selected adiusted balances at its December 31, 2019, year-end: Dec. 31/16 Balance 490,000 Allowance for Doubtful Accounts 16,400 Dec. 31/16 Balance During the year 2020, the following selected transactions occurred: a. Sales totalled $2,800,000, of which 25% were cash sales (cost of...
Please answer this question with detailed answer and please type
your answers because I have hard time understanding the hand
writing. Thank You!
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