Exercise 9-22 The records of Flounder’s Boutique report the following data for the month of April. Sales revenue $103,300 Purchases (at cost) $52,100 Sales returns 2,200 Purchases (at sales price) 95,200 Markups 9,000 Purchase returns (at cost) 2,200 Markup cancellations 1,600 Purchase returns (at sales price) 3,200 Markdowns 9,500 Beginning inventory (at cost) 29,725 Markdown cancellations 3,100 Beginning inventory (at sales price) 50,100 Freight on purchases 2,600
Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e. g. 78% and final answer to 0 decimal places, e. g. 28,987.)
Ending inventory using conventional retail inventory method
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Business, 22.06.2019 11:30
On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8
Answers: 1
Business, 22.06.2019 14:40
Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.
Answers: 3
Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
Business, 22.06.2019 20:00
Which of the following statements is true of the balanced-scorecard? a. it is a more or less a one-dimensional metric of measuring competitive advantages of a firm. b. it is one of the traditional approaches of measuring firm performance. c. its primary focus is to base a firm's strategic goals entirely on external performance dimensions. d. it attempts to provide a holistic perspective on firm performance.
Answers: 1
Exercise 9-22 The records of Flounder’s Boutique report the following data for the month of April. S...
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20
Mathematics, 29.10.2020 23:20