may for purchase Instruction Chart of Accounts Journal A 4 of 5:29 AM 20000 y uno el LK L VI BNM.. eBook Show Me How Calculator Print Item Journal entry for asset purchase Instructions Chart of Accounts Journal Instructions Chart of Accounts CHART OF ACCOUNTS the remainder on account General Ledger ASSETS REVENUE 41 Fees Eamed 42 Sales Commission 11...
Process costing serves two related purposes. First, it measures the cost of goods manufactured on both a total and per-unit basis. This information is used in valuing inventories and in recording the cost of goods sold. But process costing also provides management with information about the per-unit cost of performing each step in the production process. This information is useful...
Orders Order detail products OrderNumber (Primary) OrderNumber (Composite Primary key and Foreign) ProductID (Primary) CustomerID LineItemNumber (Composite Primary key) ProductName OrderDate ProductID (Foreign) Price ShipDate Quantity Category Determine SQL d. Produce itemized bills for orders showing line item totals. (For example, show OrderNumber, CustomerID, LineItemNumber, Product, Total.) The total is the line item total. e. List the customers that have...
Jackson Company reported the following information relating to its inventory for 2020: sales revenue ........... freight-in ....... purchase returns .......... cost of goods available for sale .......... purchases .......... gross profit ........... freight-out ... purchase discounts ........ ... $427,000 10,980 16,590 419, 250 392,800 96,250 11,730 ? Jackson Company reported an inventory turnover ratio of 4.20 for 2020. Calculate the...
The management of Shatner Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called CIsco, is a component of the company's finished product. The following information was collected from the accounting records and production data for the year ending December 31, 2017 1. 8,100 units of CISCO...
Question 3 (1 point) To select a benchmark index to compare performance of Vanguard Tax-Managed Balanced Adm fund with, you should select which of the following a fund with a balanced holding of bonds and stocks Russell 1000 index OS&P500 index Russell 3000 index Question 4 (1 point) Here is a screen shot of Amazon call option contract expiring 11/29...
Question 17 (6 points) "VT, Inc., is a small company that uses ultra-Wideband technology to develop devices that can detect objects including people) inside buildings, behind walls, or below ground. The company expects to spend $175,000 per year before a product can be marketed. At a compound interest rate of 12% per year, what is the total equivalent future amount...
ASSUME ALL CORPORATIONS ARE C CORPORATIONS During the first year of operation ending December 31, 2014, the corporation incurred the following: Sales $200,000 Operating Expenses 150,000 (excludes charitable contribution deduction) Nontaxable income 3,000 Nondeductible expenses 4,000 Capital Gains 12,000 Capital losses 15,000 Charitable contributions $6,000 Also, the corporation distributed $9,000 to its shareholders ($3,000 to each shareholder). 1.calculate the amount...
Shamrock Industries uses process costing. All of the company's manufacturing activities take place in a single processing department. The following Information was available for the month of June. $ Direct materials Direct labor Manufacturing overhead applied Total costs to account for in June 79,000 28,000 40,000 147,00 $ The amounts of work in process at the beginning and end of...
26. are The four components of planned aggregate expenditures a. Consumption, investment, inventories, and government purchases. b. Consumption, planned investment, unplanned changes in inventory, and exports. c. Consumption, investment, government purchases, and net exports. d. Consumption, investment, exports and imports. 27. The aggregate demand (AD) curve slopes downward indicating that a. an increase in the general price level will reduce...