Homework Answers
Fill missing amount
| Case A | Case B | Case C | ||||
| Net sales revenue | 7510 | 5670 | 6110 | |||
| Beginning inventory | 11160 | 6530 | 3970 | |||
| Purchases | 4920 | 8720 | 9310 | |||
| Goods available for sale | 16080 | 15250 | 13280 | |||
| Ending inventory | 10230 | 10960 | 8790 | |||
| Cost of goods sold | 5850 | 4290 | 4490 | |||
| Gross profit | 1660 | 1380 | 1620 | |||
| Operating expense | 220 | 1950 | 520 | |||
| Pretax income (loss) | 1440 | -570 | 1100 | |||
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PLEASE ANSWER ASAP! E7-2 (Algo) Inferring Missing Amounts Based on Income Statement Relationships LO7-1 Enter the missi...
PLEASE EXPLAIN THIS AND ANSWER ASAP!! E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships...
PLEASE EXPLAIN THIS AND ANSWER ASAP!!
E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships L07-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases Sales Revenue Beginning Inventory Purchases Total Available Ending Inventory Cost of Goods Sold Gross Profit Expenses Pretax Income (Loss) $ $ $ $ 440 $ 180 1,200 1,340 250 160 160 1,000 1,040 160 280 420 250 OTO - 260| 230 120 150 180 8701 1,120...
E7-2: Inferring missing amounts based on statement of earnings relationships supply the missing dollar amounts for...
E7-2: Inferring missing amounts based on statement of earnings
relationships
supply the missing dollar amounts for the 2018 statement of
earnings of Laurin Retailers for each of the following independent
cases:
CHAPTER 7 Reporting and Interpreting Cost of Sales and Inventory 400 Pretas Total Available s Profit Ending Inventory $1,000 Operating Expenses Cost of Sales $ ? Ex Sales Revenue $1,300 900 Earnings a (L03) Case A Purchases $1,400 800 Gross Profit $ ? Beginning Inventory $200 200 300 ?...
This is a fill in the blanks, I am not sure how I should be calculating. E7-3 (Static) Inferring Missing Amounts Based...
This is a fill in the blanks, I am not sure how I should be
calculating.
E7-3 (Static) Inferring Missing Amounts Based on Income Statement Relationships L07-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases Sales Revenue Total Available Gross Profit Expenses Ending Inventory $ 500 Cost of Goods Sold $ 300 Pretax Income (Loss) A $ $ 650 1,100 Beginning Purchases Inventory $ 100 $ 700 200900 150 550 900...
E6-6 Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-6] Supply the missing...
E6-6 Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-6] Supply the missing dollar amounts for each of the following independent cases: Ending Cost of Inventory Goods Sold Gross Profit Selling and General Expenses Income from Operations $ 450 250 Sales Beginning purchases Total Cases Revenue Inventory Purchases Available A $ 1,400 $ 300 $ 650 1,030 330 800 L 200 D 960 680 50 300 530 300 400 200 250 300 150
KQuestion 2 (of 6) 2. 2.50 points E6-6 Inferring Missing Amounts Based on Income Statement Relationships...
KQuestion 2 (of 6) 2. 2.50 points E6-6 Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-5] Supply the missing dollar amounts for each of the following independent cases. Sales Revenue Inventory Beginning Purchases ng a General Cases Total Ending Cost of Gross Available Inventory Goods Sold Profit from Operations A S 6,2001,90 1,990 250 1,600 50 1,290 450 1,000 1,100 1,1001,490 1,050 2,080 1,640 1,200 HintsReferences eBook & Resources Hint#1 instruct Check my work
Required information E7-7 (Algo) Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO LO7-2,...
Required information E7-7 (Algo) Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO LO7-2, 7-3 (The following information applies to the questions displayed below.] Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units 2,900 Unit Cost $13 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($53 each)...
E5-11 (Algo) Inferring Income Statement Values LO5-3 Supply the missing dollar amounts for the current year...
E5-11 (Algo) Inferring Income Statement Values LO5-3 Supply the missing dollar amounts for the current year income statement of BGT Company for each of the following independent cases. (Input all amounts as positive values.) Case B Case A $ 850 Case C Case D $ 770 125225 Case E $ 1,090 332 810 650 Sales revenue Cost of goods sold Gross margin Selling expense Administrative expense Pretax income Income tax expense Net income 110 6070i 160 100 Pre of 13...
help please with E7-7 CHAPTER Report E7-7 LO7-2, 7-3 Analyzing and Interpreting the Financial Statement Effects...
help please with E7-7
CHAPTER Report E7-7 LO7-2, 7-3 Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units Unit Cost Inventory, December 31. prior year 3,000 $9 For the current year: Purchase, April 11 9,000 10 Purchase, June 1 7,000 Sales ($50 each) 10,000 Operating expenses...
1. 2. Enter the missing dollar amounts for the income statement for each of the following...
1. 2.
Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.) Case B Net sales revenue 6,160 7,670 | $ $ 6,540 $ Case A $ 11,040 4,990 16,030 10,340 Case C $ 3,960 9,340 13,300 8,580 15,120 10,910 Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) 4,350 1,340 620 360 1,620 $...
QUESTION 1: QUESTION 2: Enter the missing dollar amounts for the income statement for each of...
QUESTION 1:
QUESTION 2:
Enter the missing dollar amounts for the income statement for each of the following independent cases Gross Profit Pretax Income Loss Cost of Ending Inventory Goods Sold Total Expenses Sales Revenue Beginning Purchases Available Inventory Cases 130 110 100 200 600 650 S 1,040 200 $ 110 110 700 940 180 210 320 300 100 570 200 820 1,000 440 (60) 760 960 Hints eBook & Resources References The records at the end of January of...
PLEASE EXPLAIN THIS AND ANSWER ASAP!!
E7-3 (Algo) Inferring Missing Amounts Based on Income Statement Relationships L07-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases Sales Revenue Beginning Inventory Purchases Total Available Ending Inventory Cost of Goods Sold Gross Profit Expenses Pretax Income (Loss) $ $ $ $ 440 $ 180 1,200 1,340 250 160 160 1,000 1,040 160 280 420 250 OTO - 260| 230 120 150 180 8701 1,120...
E7-2: Inferring missing amounts based on statement of earnings
relationships
supply the missing dollar amounts for the 2018 statement of
earnings of Laurin Retailers for each of the following independent
cases:
CHAPTER 7 Reporting and Interpreting Cost of Sales and Inventory 400 Pretas Total Available s Profit Ending Inventory $1,000 Operating Expenses Cost of Sales $ ? Ex Sales Revenue $1,300 900 Earnings a (L03) Case A Purchases $1,400 800 Gross Profit $ ? Beginning Inventory $200 200 300 ?...
This is a fill in the blanks, I am not sure how I should be
calculating.
E7-3 (Static) Inferring Missing Amounts Based on Income Statement Relationships L07-1 Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases Sales Revenue Total Available Gross Profit Expenses Ending Inventory $ 500 Cost of Goods Sold $ 300 Pretax Income (Loss) A $ $ 650 1,100 Beginning Purchases Inventory $ 100 $ 700 200900 150 550 900...
E6-6 Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-6] Supply the missing dollar amounts for each of the following independent cases: Ending Cost of Inventory Goods Sold Gross Profit Selling and General Expenses Income from Operations $ 450 250 Sales Beginning purchases Total Cases Revenue Inventory Purchases Available A $ 1,400 $ 300 $ 650 1,030 330 800 L 200 D 960 680 50 300 530 300 400 200 250 300 150
KQuestion 2 (of 6) 2. 2.50 points E6-6 Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-5] Supply the missing dollar amounts for each of the following independent cases. Sales Revenue Inventory Beginning Purchases ng a General Cases Total Ending Cost of Gross Available Inventory Goods Sold Profit from Operations A S 6,2001,90 1,990 250 1,600 50 1,290 450 1,000 1,100 1,1001,490 1,050 2,080 1,640 1,200 HintsReferences eBook & Resources Hint#1 instruct Check my work
Required information E7-7 (Algo) Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO LO7-2, 7-3 (The following information applies to the questions displayed below.] Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units 2,900 Unit Cost $13 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($53 each)...
E5-11 (Algo) Inferring Income Statement Values LO5-3 Supply the missing dollar amounts for the current year income statement of BGT Company for each of the following independent cases. (Input all amounts as positive values.) Case B Case A $ 850 Case C Case D $ 770 125225 Case E $ 1,090 332 810 650 Sales revenue Cost of goods sold Gross margin Selling expense Administrative expense Pretax income Income tax expense Net income 110 6070i 160 100 Pre of 13...
help please with E7-7
CHAPTER Report E7-7 LO7-2, 7-3 Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units Unit Cost Inventory, December 31. prior year 3,000 $9 For the current year: Purchase, April 11 9,000 10 Purchase, June 1 7,000 Sales ($50 each) 10,000 Operating expenses...
1. 2.
Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.) Case B Net sales revenue 6,160 7,670 | $ $ 6,540 $ Case A $ 11,040 4,990 16,030 10,340 Case C $ 3,960 9,340 13,300 8,580 15,120 10,910 Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Expenses Pretax income (loss) 4,350 1,340 620 360 1,620 $...
QUESTION 1:
QUESTION 2:
Enter the missing dollar amounts for the income statement for each of the following independent cases Gross Profit Pretax Income Loss Cost of Ending Inventory Goods Sold Total Expenses Sales Revenue Beginning Purchases Available Inventory Cases 130 110 100 200 600 650 S 1,040 200 $ 110 110 700 940 180 210 320 300 100 570 200 820 1,000 440 (60) 760 960 Hints eBook & Resources References The records at the end of January of...
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