Business, 21.02.2020 23:33 jfox8741

Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer purchases one year of flood insurance in advance on March 1, paying $36,000 ($3,000/month).
Required:
1. Recore the purchase of insurance in advance on March,1.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:30

List at least two policies or procedures your company can use to protect the health and safety of employees

Answers: 1

Answer

Business, 21.06.2019 23:30

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo

Answers: 3

Answer

Business, 22.06.2019 02:30

Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairsâ€”factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.

Answers: 2

Answer

Business, 22.06.2019 03:30

Eagle sporting goods reported the following data at july â€‹31, 2016â€‹, with amounts adapted inâ€‹ thousands: â€‹(click the icon to view the incomeâ€‹ statement.) â€‹(click the icon to view the statement of retainedâ€‹ earnings.) â€‹(click the icon to view the balanceâ€‹ sheet.) 1. compute eagleâ€‹'s net working capital. 2. compute eagleâ€‹'s current ratio. round to two decimal places. 3. compute eagleâ€‹'s debt ratio. round to two decimal places. do these values and ratios lookâ€‹ strong, weak orâ€‹ middle-of-the-road? 1. compute eagleâ€‹'s net working capital. total current assets - total current liabilities = net working capital 99400 - 30000 = 69400 2. compute eagleâ€‹'s current ratio. â€‹(round answer to two decimalâ€‹ places.) total current assets / total current liabilities = current ratio 99400 / 30000 = 3.31 3. compute eagleâ€‹'s debt ratio. â€‹(round answer to two decimalâ€‹ places.) total liabilities / total assets = debt ratio 65000 / 130000 = 0.50 do these ratio values and ratios lookâ€‹ strong, weak orâ€‹ middle-of-the-road? net working capital is â–ľ . this means â–ľ current assets exceed current liabilities current liabilities exceed current assets and is a â–ľ negative positive sign. eagleâ€‹'s current ratio is considered â–ľ middle-of-the-road. strong. weak. eagleâ€‹'s debt ratio is considered â–ľ middle-of-the-road. strong. weak. choose from any list or enter any number in the input fields and then continue to the next question.

Answers: 3

Answer

You know the right answer?

Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Bec...

Questions