Milo clothing experienced the following events during 2016, its first year of operation: 1. acquired $12,000 cash from the issue of common stock. 2. purchased inventory for $5,600 cash. 3. sold inventory costing $3,360 for $5,712 cash. 4. paid $650 for advertising expense. required a. record the general journal entries for the preceding transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
Business, 22.06.2019 16:40
Shawn received an e-mail offering a great deal on music, movie, and game downloads. he has never heard of the company, and the e-mail address and company name do not match. what should shawn do?
Answers: 2
Business, 22.06.2019 17:00
Serious question, which is preferred in a business? pp or poopoo?
Answers: 1
Business, 22.06.2019 17:40
Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.
Answers: 3
Business, 22.06.2019 19:40
Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?
Answers: 1
Milo clothing experienced the following events during 2016, its first year of operation: 1. acquire...
Business, 15.07.2019 07:30
Computers and Technology, 15.07.2019 07:30
History, 15.07.2019 07:30
Mathematics, 15.07.2019 07:30
Mathematics, 15.07.2019 07:30
Health, 15.07.2019 07:30
English, 15.07.2019 07:30