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a. The company completed consulting work for a client and immediately collected $6.500 cash
b. The company completed commission work for a client and sent a bill for $5.000 to be received within 30 days
c. The company paid an assistant $1.900 cash as wages for the period
d. The company collected $2.500 cash as a partial payment for the amount owed by the client in transaction
e. The company paid $900 cash for this period's cleaning services
oped
Required:
Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a
minus sign.)
-
Transactions Number
Equity
Liabilities
Accounts
Payable
Common
Stock
Dividends
Revenue
Expenses
a
Assets
Accounts
Cash
Receivable
S 6 500 $
$ 5.000
5.600
5.000
Balance after aandb
-
Balance after
6.500
5.000
-
Balance after o
6.500
5 000
Balancoforo
6500
5.000

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

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Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)