Business, 15.04.2020 18:01 nicollexo21
Howard Nets & Co. is a basketball net making company. Last year, Howard Nets & Co. had $2,000 worth of inventories (stored basketball nets). This year, they produce $115,000 worth of basketball nets and sell $114,850 worth. What is the change in Howard Nets & Co.'s inventories and how much does Howard Nets & Co. contribute to GDP this year?
Answers: 2
Business, 22.06.2019 13:50, tinasidell1972
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 23.06.2019 01:30, stranger123
At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?
Answers: 2
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