subject
Business, 19.05.2020 18:05 nakeytrag

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $149,510). $ 268,900 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $760). 1,710 c. Sold merchandise (costing $7,650) to a customer on account with terms n/30. 17,000 d. Collected half of the balance owed by the customer in (c). 8,500 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,740

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:00
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 asset’s useful life (years) 3 4 4 6 lessor’s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes
Answers: 1
question
Business, 22.06.2019 22:30
Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows:
Answers: 3
question
Business, 23.06.2019 03:00
The following information is needed to reconcile the cash balance for gourmet catering services.* a deposit of $5,600 is in transit.* outstanding checks total $1,000.* the book balance is $6,400 at february 28, 2019.* the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.* the bank balance at february 28, 2019 was $17,410.* a deposit of $400 was credited by the bank for $4,000.* a customer's check for $3,300 was returned for nonsufficient funds.* the bank service charge is $90.what was the adjusted book balance?
Answers: 1
question
Business, 23.06.2019 10:00
Can you with personal finance homework1 abbreviation of annual percentage rate which the interest rate is applied annually to a loan or a credit card balance2 abbreviation of annual percentage yield the rate of return earn in the course of one whole year taking compounding into amount expressed as a percentage3 cash and other liquid assets such as demand deposits or treasury bills than individual possesses4 an expense that does not vary from one time period to the next5 to obtain a new loan for something on different terms often involving the pain off of an existing high-interest loan by means of a new lower interest one6 money set aside for future use7 to take money out of an account8 to plan the allocation expenditure or use of money9 the amount of money spent on food clothing and other basic necessities10 the amount of money that is anticipated to be received over a. of time either as payment for work goods or services or as profit on capital
Answers: 2
You know the right answer?
Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following...
Questions
question
Mathematics, 14.09.2020 17:01
question
Mathematics, 14.09.2020 17:01
question
Mathematics, 14.09.2020 17:01
question
Mathematics, 14.09.2020 17:01
question
Mathematics, 14.09.2020 17:01
question
Biology, 14.09.2020 17:01
question
Mathematics, 14.09.2020 17:01
question
Mathematics, 14.09.2020 18:01
question
Social Studies, 14.09.2020 18:01
question
History, 14.09.2020 18:01
question
Business, 14.09.2020 18:01
question
Mathematics, 14.09.2020 18:01
question
Mathematics, 14.09.2020 18:01
question
Mathematics, 14.09.2020 18:01
question
Biology, 14.09.2020 18:01
question
History, 14.09.2020 18:01
question
Mathematics, 14.09.2020 18:01
question
Mathematics, 14.09.2020 18:01
question
Mathematics, 14.09.2020 18:01
question
Mathematics, 14.09.2020 18:01
Questions on the website: 13722362