Department Number of Purchase Orders Clothing.... 250 Health Care...... Sporting Goods. 450 300 Total... 1,000
Q: Consider each of the following situations. Is there a potential problem? Which part of the fraud t...
A: A. Yes, it can be a potential problem. Incentive – Potential Incentives B. No, there is no po...
Q: Presented below is the Trial Balance of Ozamiz Laundry Services owned by Efren Barillo for the first...
A: Income Statement refers to a statement which helps in calculating the net profit generated or loss i...
Q: Accounting Question
A: The major financial statements which are to be compulsorily prepared at the year end are the balance...
Q: On January 2, year 1, an entity purchased a 30% interest in Tod Co. for 250,000. On this date, Tod’s...
A: The equity method is a method used by a company record the profits earned through its investment in ...
Q: On January 1, 2020, Rose company sold 30% of its BD 500,000 investment in Sony for BD 120,000 c...
A: Answer: Net cash flows from investing activities:
Q: A company requests a one-year, $200,000 loan for expansion. This company’s current ratio is 4:1, wit...
A: Current Assets is the liquidity ratio which shows the company's ability to satisfy the short term ob...
Q: Consider risk-free borrowing and lending rates are equal. Also, there are no brokerage commissions, ...
A: First we need to calculate the theoretical forward price(F*) F* = S(1+r) Where S = spot price = 1000...
Q: Quiz for Chapter 3 P3-67A (Learning Objective 3: Adjust the accounts) Journalize the adjusting entry...
A: Journal entry: It is also called as book of original entry. All financial transactions occurred in a...
Q: Accounting Question
A: The statement prepared by the government organizations to determine the excess or deficit of revenue...
Q: Bethany has a G2 whole life insurance policy with a face value of $250,000, cash surrender value (CS...
A: Value adjusted of CSV and ACB=CSV-ACB=$40,000-$20,000=$20,000
Q: QUESTION 7 Ten years ago, an investor purchased a project for $265,000 .He anticipated a salvage val...
A: Answer: The investor purchased a project for $265,000. Salvage value after 10 years = $50,000 Recov...
Q: The financial statements for Thor and Gunnar companies are summarized he Thor Gunnar Company Company...
A: Calculation:
Q: Accounting Question
A: Weaknesses in a company's internal controls are a depiction of things that could go wrong in the per...
Q: Selected data about Ruby Company's manufacturing operations at two levels of activity are given belo...
A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this meth...
Q: 1. Critically examine the statement: "Leaders are born, not made." In other words, do you agree or d...
A: Leadership is the act of motivating, guiding, and supporting a group of people to achieve a common g...
Q: 2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEB...
A: Adjustment entries : a) RM1800 wages and salaries was not paid : It means outstanding wages and sala...
Q: A store has the following budgeted sales for the next three months.
A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past expe...
Q: The financial year of Shah Enterprise ended on 31 December 2019. Show the ledger account for the fo...
A: As per Accrual Concept of Accounting Expense and Income are to recorded when they are incurred and E...
Q: Accounting Question
A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and me...
Q: 2. The following balances were extracted from the ledger of CTSha Trading as at 31 October 2019. DEB...
A: 1)Statement of profit or loss and other comprehensive income for the year ended 31st October 2019
Q: List at least two positive and two negative features of standard costing systems.
A: Standard costing compares the standard costs and revenues of the products with the actual results o...
Q: Your activity: Determine whether the business has made profit, loss or at the business is at break- ...
A: Answer 1: Sherlock Wills Pumping services made a profit of Php.135,600. Note: Since we only answer...
Q: How is the Statement of Cash Flows for Proprietary Funds similar and dissimilar to a Statement of Ca...
A: Similarities between Statement of Cash flows for proprietary funds and for profit business: These ar...
Q: Target Costing and Pricing Sid’s Skins makes a variety of covers for electronic organizers and porta...
A: Calculation of the highest acceptable manufacturing cost: Selling Price=Cost+Profit$21=Cost+(0.20×Co...
Q: On January 1, 2017, Abraham SA purchased the following two machines for use in its production proces...
A: Journal Entries are primary record maintained by an entity for the occurrence or non- occurrence of ...
Q: An entity purchased equipment on January 1, 2019 for 5,000,000. The equipment had a useful life of 5...
A: The Numerical has covered the concept of Depreciation Accounting. Double declining balance method: ...
Q: Country Type of operation Gross earnings Income tax rate United states Parent 500,000 40% Branch (10...
A: Justification with Reason & Calculation is given below in step 2 : Dividend received from a for...
Q: Before inventory purchases are recorded, the receiving report should be reconciled to what documents...
A: Purchase Order: A purchase order (PO) is a commercial document issued to the seller by the buyer and...
Q: What is the investment income for 2019? What is the carrying amount of the investment in associate ...
A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get...
Q: Discuss and identify factors which indicate Non-Compliance with Laws and regulation.?
A: Non-compliance is an act of commission or ommission by the organisation that is not in accordance wi...
Q: A company provides the following information for the year 2018: Description Amount Description Amoun...
A: Current liabilities: Liabilities which have to be paid within one year or one operating cycle, whic...
Q: Delica Corportion is a contract manufacturer for the Mayon Dressing Company. Delica Corporation uses...
A: In the above question we have asked to compute avg. unit cost per gallon and total cost of closing W...
Allocate a retailer’s purchasing department’s costs of $20,000 to its operating departments using each department’s percentage of total purchase orders.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- 1. Complete the following grid. Submit your answers in a grid/table. Cost $88.00 $2,386.27 $4.78 Markup $1.29 $3.29 $4.62 Retail $108.00 $3.87 $3,800.00 $4.00 $0.39 $5.00 Percentage of Retail Markup 48.2% 64.5% 78.2% Percentage of Cost Markup 48.2% 158% 100% Round percentages to one decimal place, and dollars to two decimal places. 2. What is the cumulative markup percent on three groups of towels when 100 towels are bought at $10.00, 200 towels are bought at $11.50, and 300 towels are bought at $12.00? Each towel retails at $20.00. 3. What is the markdown price of a $20 item that has been marked down 35 percent? What is the price when a 20 percent markdown is taken on the mark-down price? What is the price when a 20 percent markdown is taken on the second markdown price? What is the price when the item is marked 50 percent off the original price? Or 75 percent off?QUESTION TWOa) The Chisokone Company located in Chimwemwe manufactures typewriters called AK4 model Z. The company has an average total inventory of K15, 000,000 and places 12,000 orders every year. Order details are as follows:Purchase department expenses……………………………..K400, 000Stores warehouse personnel salary……………………......K400, 000Obsolescence, spoilage, etc…………………………………K120, 000Floor space charge related to stores activities…………….K260, 000Cost of collecting materials…………………………………..K60, 000Cost of receiving materials…………………………………...K70, 000Cost of Inspection……………………………………………..K100, 000Cost of material handling for warehousing activities………K300, 000Cost of bill payment……………………………………………K170, 000Interest…………………………………………………………..11.5%Insurance charges………………………………………………1.9%The company wants to buy a certain component, whose cost is K24 each and the annual requirement is 34,560 units. Calculate the following:i. The cost of placing an order.ii. The cost of carrying inventory as a percentage…1. Start Excel and create an excel workbook with the data shown below: FILE НОМЕ INSERT PAGE LAYOUT FORMULAS DATA REV H11 B G 1 Exercise Pro 2 2018 Regional Sales to Health Clubs Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total of Total 4 Northeast 275794.5 183555.3 282555.3 226634.9 5 Southeast 626898.1 133106.8 243106.8 155574.8 6 West 394216.7 266774.1 186774.1 291697 7 Total Sales 8. 6. 10 2. Change the theme according to your choice. Autofit the column widths. 3. Merge and center the title in cell A1 across columns A:G and apply the Title cell style. Merge and center the subtitle in cell A2 across columns A:G. 4. Center the column titles in cells B3:H3. 5. In cell B7, enter a SUM function to total the Quarter 1 sales. Copy the sum to the remaining quarters in cells C7:E7. In cell F4, enter a SUM function to totalthe Northeast sales for the four quarters. Conythe formula 16.
- 7.07 O * Asiacell liı. A docs.google.com 3 O 5 O If the net sales 159 150 ID , beginning -1 finished goods inventory 16 5o0 ID „Cost of goods manufactured 121 050 ID, ending finished goods inventory (.. . 9000 ID , the gross profit are 60 600 90 600 O 30 600 O If the prime cost 70 700 ID ,- 2 manufacturing overhead 12 00O ID, beginning work inproces inventory 41. Marulacturlng costs. A schedule of cosl .of goods manuiuciurou SIVNS, $300,000 800,000 640,000 140,000 Matotlals used. Direct labor.... ....... *" Ovorhead costs.. . Work In procese, ondirig Inventory... ..... .: .... Flequlred: (1) Calculate the rate of faclory overhead to direct labor cost. (2) Deterrmine the cost of direct materlals lncluded In the work in process ending. Inventory, assuming that the diréct labor cost Included in the mventory of work in process is $50,000.·mentum.com/assessments-delivery/ua/la/launch/135147/45280656/aHR0cHM6Ly9mMi5hcHAUZWRIZW50dWOuY29tL2xlYXJuZXItdWkvc2Vjb25kYX.JSL3VzZXHYXNzaWdubwyud izizz O www.coolmathga.. A Mutila te a Doll 2-U. S Achievernernt Senes Mutila te a Doll 2-T T Happy Whees-Un.. T Crush the Castle-T. A Week 5 Bellinger- ext O Post Test: Personal Financial Management O Submit Tet Reader Tools 3\ Select the correct answer. Crystal wants the latest limited edition of Vogue magazine, but she needs to buy food for her family. Crystal prioritizes her needs over her wants. What will she most likely do? O A. Purchase the groceries, because that is her need. O B. Purchase the magazine, because it is a limited edition that she may not see again. Purchase the magazine before it becomes outdatedn OD. Purchase cheaper grocery items so she can still afford the magazine. OE. Purchase neither groceries nor the magazine. Reset Next
- DATA ENVELOPMENT ANALYSIS OUTPUT INPUT STORE LOCATION SALES EBITDA STORE ARE(SQ.FT) #EMPLOYEES 1 A 47,682,116 7,459,291 35,523.00 62.0 2 B 42,612,114 3,880,099 39,493.00 75.00 3 C 44,187,228 4,215,221 39,731.00 79.00 4 D 30,487,610 4,201,924 35,833.00 77.00 5 E 41,535,542 5,182,632 36,552.00 75.00 6 F 24,497,561 3,079,086 37,328.00 61.00 7 G 43,749,818 6,485,312 38,709.00 79.00 8 H 24,081,113 1,820,738 37,827.00 66.00 9 K 44,711,757 6,310,682 35,631.00 66.00 10 L 32,138,829 125,696…eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse e Page | Zora... Welcome, Quente... E Library Genesis Macmillan Launch... (7) YouTube O11- My Conversations... bnc Apparel, Gifts & T... 国 >> a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO. Received Issued Balance Receiving Materials Unit Report Quantity Requisition Quantity Unit Price Amount Date Quantity Amount Number Number price May 1 400 $9 $3,600 26 280 $11 May 4 103 450 May 10 32 190 13 May 21 116 270 May 27 b. Determine the materials inventory balance at the end of May. C. Journalize the summary entry to transfer materials to work in process. If an amount box does not require an entry, leave it blank. d. Comparing as reported in the materials ledger with predetermined order points would enable management to order materials before a(n) causes idle time. %24 %24stions | bartleby G How many units must be in... My Home CengageNOWv2| Onlin eBook How many units must have been completed and transferred if beginning inventory was 79,000 units, ending inventory was 76,000 units, and 295,000 units were started? Units completed and transferred
- 5. QR Code Inc. sales two products: Queen and Pia. Data concerning the company for March follows: Product Queen Product Pia Sales..................................................................... 200,000 300,000 Variable Expenses................................................ 50,000 100,000 Traceable Fixed Cost........................................... 80,000 150,000 In addition, there were common fixed expenses of 70,000 in March. What was the segment margin for Product Queen? 6. Same data in no. 5. Suppose advertising for product Pia is increased by P20,000 per month, which results in an increased in sales of P90,000 per month. With this, what would be the effect and the amount on Product’s Pia monthly segment margin? put solutionM Department Store has 5 departments- M1, M2, M3, M4, and M5. Department M5 is being evaluated using the data below for the store. Dept, M5 P500,000 300,000 P200,000 P200,000 50,000 50,000 Р300,000 P(100,000) All Others Total Sales P4,500,000 2,200,000 P2,300,000 P800,000 450,000 450,000 P1,700,000 Р600,000 P5,000,000 2,500,000 P2,500,000 P1,000,000 500,000 500,000 P2,000,000 P500,000 Cost of Sales Gross Profit Rent and services Direct salaries Advertising allocation Total expenses Net income Rent and services is a corporate committed fixed expense and is allocated evenly to the five departments. Advertising will not change regardless of the decision, and is allocated using sales revenue. M Department Store is evaluating Department M5's future. REQUIRED: 1. Comment on the following statements about Department M5: a. It is earning P100,000 in variable CM for M Department Store. b. It is earning P150,000 in direct CM for M Department Store. c. It is a P100,000 drain on the profitability…Manufacturing company has the following information: cost of good purchased $100, Beginning Inventory $300, Ending Inventory $100, and cost of good sold $150. Find cost of good available for sale?