The following information is available for Waterway Industries for 2020: Disbursements for purchases $1556000 Increase in...
The following information is available for Waterway Industries
for 2020:
| Disbursements for purchases | $1556000 |
| Increase in trade accounts payable | 98000 |
| Decrease in merchandise inventory | 38000 |
Cost of goods sold for 2020 was
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The following information is available for Waterway Industries
for 2020:
Disbursements for purchases
$1556000
Increase in...
The following information is available for Coronado Industries for 2020: Disbursements for purchases $1556000 Increase in...
The following information is available for Coronado Industries
for 2020:
Disbursements for purchases
$1556000
Increase in trade accounts
payable
107000
Decrease in merchandise
inventory
41500
Cost of goods sold for 2020 was
a.
$1621500.
b.
$1407500.
c.
$1490500.
d.
$1704500.
1-For Cullumber Company, the following information is available: Cost of goods sold $400000 Dividend revenue 15300...
1-For Cullumber Company, the following information is
available:
Cost of goods sold
$400000
Dividend revenue
15300
Income tax expense
35900
Operating expenses
139500
Sales revenue
607000
In Cullumber’s single-step income statement, gross profit
should be reported at $207000.
should be reported at $222300.
should be reported at $46900.
should not be reported.
2-The following information is available for Swifty Corporation
for 2020:
Disbursements for purchases
$1532000
Increase in trade accounts
payable
98000
Decrease in merchandise
inventory
39000
Cost of goods...
The following information was taken from the 2018 financial statements of Waterway Industries: Inventory, January 1,...
The following information was taken from the 2018 financial statements of Waterway Industries: Inventory, January 1, 2018 $ 177000 Inventory, December 31, 2018 242000 Accounts payable, January 1, 2018 157000 Accounts payable, December 31, 2018 234000 Sales revenue 1120000 Cost of goods sold 802000 If the direct method is used in the 2018 statement of cash flows, what amount should Waterway report as cash payments to suppliers?
Waterway Industries markets CDs of numerous performing artists. At the beginning of March, Waterway had in...
Waterway Industries markets CDs of numerous performing artists. At the beginning of March, Waterway had in beginning inventory 2.500 CDs with a unit cost of $6. During March Waterway made the following purchases of CDs. March 5 2.200 @ $7 @ March 21 March 26 5,200 2,200 $9 $10 March 13 3,900 @ $8 @ During March 12,200 units were sold. Waterway uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available...
The following information applied to Waterway Industries for 2020: Merchandise purchased for resale Freight-in Freight-out Purchase...
The following information applied to Waterway Industries for 2020: Merchandise purchased for resale Freight-in Freight-out Purchase returns $404000 8500 4900 2100 Waterway's 2020 inventoriable cost was $404000. $415300. $406800 $410400.
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock...
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway...
You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 70 $26 Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct 29 Sale X Your answer is incorrect. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per units 28.572 Your answer...
Brief Exercise 14 07 The following information is available for Waterway Corporation for the year ended...
Brief Exercise 14 07 The following information is available for Waterway Corporation for the year ended December 31, 2020: cost of goods sold $215,000, sales revenue $471,000, other revenues and gains $47,000, and operating expenses $74,000. Assuming a cowperate tax rate of 2 prepare an income statement for the company. WATERWAY CORPORATION Income Statement
Announcements TIMER SOURCES ng 20 Question 11 The following information is available for Waterway Industries: Sales...
Announcements TIMER SOURCES ng 20 Question 11 The following information is available for Waterway Industries: Sales $610000 Total fixed expenses $150000 Cost of goods sold 410000 Total variable expenses 360000 A CVP income statement would report O gross profit of $250000. contribution margin of $460000. o contribution margin of $250000. O gross profit of $200000. Click if you would like to Show Work for this question: Open Show Work by Study
View Policies Current Attempt in Progress You have the following information for Waterway Industries for the...
View Policies Current Attempt in Progress You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory $26 70 125 Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $...
The following information is available for Coronado Industries
for 2020:
Disbursements for purchases
$1556000
Increase in trade accounts
payable
107000
Decrease in merchandise
inventory
41500
Cost of goods sold for 2020 was
a.
$1621500.
b.
$1407500.
c.
$1490500.
d.
$1704500.
1-For Cullumber Company, the following information is
available:
Cost of goods sold
$400000
Dividend revenue
15300
Income tax expense
35900
Operating expenses
139500
Sales revenue
607000
In Cullumber’s single-step income statement, gross profit
should be reported at $207000.
should be reported at $222300.
should be reported at $46900.
should not be reported.
2-The following information is available for Swifty Corporation
for 2020:
Disbursements for purchases
$1532000
Increase in trade accounts
payable
98000
Decrease in merchandise
inventory
39000
Cost of goods...
Waterway Industries markets CDs of numerous performing artists. At the beginning of March, Waterway had in beginning inventory 2.500 CDs with a unit cost of $6. During March Waterway made the following purchases of CDs. March 5 2.200 @ $7 @ March 21 March 26 5,200 2,200 $9 $10 March 13 3,900 @ $8 @ During March 12,200 units were sold. Waterway uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available...
The following information applied to Waterway Industries for 2020: Merchandise purchased for resale Freight-in Freight-out Purchase returns $404000 8500 4900 2100 Waterway's 2020 inventoriable cost was $404000. $415300. $406800 $410400.
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $836000 185000 246000 728000 205000 56000 38000 100000 94000 449000 Waterway's stockholders' equity on December 31, 2022 is:
You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 70 $26 Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct 29 Sale X Your answer is incorrect. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per units 28.572 Your answer...
Brief Exercise 14 07 The following information is available for Waterway Corporation for the year ended December 31, 2020: cost of goods sold $215,000, sales revenue $471,000, other revenues and gains $47,000, and operating expenses $74,000. Assuming a cowperate tax rate of 2 prepare an income statement for the company. WATERWAY CORPORATION Income Statement
Announcements TIMER SOURCES ng 20 Question 11 The following information is available for Waterway Industries: Sales $610000 Total fixed expenses $150000 Cost of goods sold 410000 Total variable expenses 360000 A CVP income statement would report O gross profit of $250000. contribution margin of $460000. o contribution margin of $250000. O gross profit of $200000. Click if you would like to Show Work for this question: Open Show Work by Study
View Policies Current Attempt in Progress You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory $26 70 125 Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $...
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