Wolford department store is located in midtown metropolis. during the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. at the end of the company? s fiscal year on november 30, 2017, these accounts appeared in its adjusted trial balance. accounts payable $ 34,304accounts receivable 22,016accumulated depreciation? equipment 87,040cash 10,240common stock 44,800cost of goods sold 786,304freight-out 7,936equipment 200,960depreciation expense 17,280dividends 15,360gain on disposal of plant assets 2,560income tax expense 12,800insurance expense 11,520interest expense 6,400inventoryv 33,536notes payable 55,680prepaid insurance 7,680advertising expense 42,880rent expense 43,520retained earnings 18,176salaries and wages expense 149,760sales revenue 1,157,120salaries and wages payable 7,680sales returns and allowances 25,600utilities expense 13,568additional data: notes payable are due in 2021.prepare a multiple-step income statement.

For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. how much are budgeted selling expenses for the month of july if sales are expected to be $540,000.

Suppose the price of a complement to lcd televisions rises. what effect will this have on the market equilibrium for lcd tvs?

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.