Business, 29.01.2021 02:40 jeffffffff
Sales price per case (12 jars per case)$32.00 Direct Material cost per case$15.00 Direct Labor cost per case$ 6.00 Variable Manufacturing Overhead per case$ 3.00 Total Fixed Manufacturing Overhead costs for the year $90,000 Total Fixed selling and administrative costs for the year $20,000 Forecasted sales and production for the year are 30,000 cases. Prepare a traditional absorption income statement for the year using the data provided. Ignore income taxes.
Answers: 1
Business, 22.06.2019 01:00, avablankenship
Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.
Answers: 3
Business, 22.06.2019 21:00, sofiaisabelaguozdpez
Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?
Answers: 2
Sales price per case (12 jars per case)$32.00 Direct Material cost per case$15.00 Direct Labor cost...
Physics, 02.03.2021 20:20
Advanced Placement (AP), 02.03.2021 20:20
English, 02.03.2021 20:20
Mathematics, 02.03.2021 20:20
English, 02.03.2021 20:20
Mathematics, 02.03.2021 20:20
English, 02.03.2021 20:20