Business, 19.08.2020 18:01 theday2278
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:Unit SalesApril 82,000May 90,000June 122,000July 96,000The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 12,300 units. Required:Prepare a production budget by month and in total, for the second quarter.
Answers: 2
Business, 22.06.2019 06:10
P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.
Answers: 1
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
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Business, 23.06.2019 22:00
How do public goods limit a free market economy? a. they allow consumers to make only occasional economic decisions. b. they allow government to make some economic decisions. c. they allow consumers to make all of the economic decisions. d. they do not allow government to make any economic decisions.
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Business, 24.06.2019 02:30
Explain the role of tribute collevtion and tax farming in the generation of revenue for territorial expansion use a specific example
Answers: 1
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next fou...
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