Supposehave The Following infarmasionyouCost Per unitunitsPo tarBeguing inventory200loPurchases s560014Feb. 15400b,80017Jan. 2400900018sep. 125..155 0s21Dec. 248,0001,60030Sales12,00030400oPerah ng exp* PrepareCompar tiveincome statmentunder [ fi Fog Lifo, weighted average IA ssumecompany is subjectthat theto30%income tax rare

Answered: Image /qna-images/answer/09cf442f-ddb1-460e-b97c-f739ae91b821.jpg

Answered: Suppose have The Following infrmaion…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question AR and Chave partenhp caplcot bcs 00 S00 and Stas 0, ly the income sharng A sR n ws. Add wi e parrh nd apeed that part pays S9500 A perh t The flnces t's and Cs Captal cc aer As wal wodd be OARSEND00C 0 OaR SS00, C 00
Qe/ from the following tralasaction, prepar income Statement Sales reven ue tinished Goods V 50006 Net purchoses loo00 rent expenses 250 000 returns sales lo o00 So00 rent revenue 30oo administrutive Expensese 2e00 Sales salaries looo Depreriation other expensese tax income tooo +5006 finished goads 344 7o00 . tooo
D Traders purchased a product for R1 450 (excluding VAT). It was resold for R2 100 (excluding VAT Calculate the gross profit margin for this product.
Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA 2 $109.727B PM average is 14.5% Post you answer with 2 decimal. 0.88 for example
Sales $ 450000 ; Sales returns $ 50000 ; cost of goods sold $ 200000 Determine the values of Net sales and Gross profit with two serial numbers independent.
Find the marked price and sales tax. Total price Sales tax rate Marked price $403.61 5.9% Sales tax rate Marked price 5.9% Total price $403.61 (Round to the nearest cent.) Sales tax Sales tax $
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
Star LLC sells three products-X, Y, Z. The following information was available at the year-end: X Y Z $per unit $per unit $per unitOriginal cost 10 11 12Estimated selling price 15 14 15Agent’s commission fee (sales-related cost) 7 2 4Units of inventory 20 30 10The value of inventory at the year-end should be:A. $650B. $600C. $725D. $855
Calculate the cost efficiency - profit margin ratios
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup Selling Price (in $) PercentMarkupBased onCost PercentMarkupBased onSelling Price Bar of soap $1.16 $0.79 $ % %
('$) ('$) Unit Total Balance Date Explanation Units Cost Cost in Units Jun-01 Beginning inventory 50 1.0 50 50 Jun-06 Purchase 50 1.2 60 100 Jun-10 Sales 60 40 Jun-13 Purchase 150 1.4 210 190 Jun-20 Purchase 100 1.6 160 290 Jun-25 Purchase 150 1.8 270 440 Jun-30 Sales 150 290 Round your answer to the nearest dollar. (eg $54.4 ....input as 54 , $54.5 input as 55 ) (do not input comma "," , dollar sign "$" for numerical figures) FIFO Periodic System COGS $ Ending Inventory $ Average Cost Periodic System COGS $ Ending Inventory $ FIFO Perpetual System COGS $ Ending Inventory $ Average Cost Perpetual System COGS $ Ending Inventory $ ('$) ('$) Unit Total BalanceDate Explanation Units Cost Cost in UnitsJun-01 Beginning inventory 50 1.0 50 50Jun-06 Purchase 50 1.2 60 100Jun-10 Sales 60 40Jun-13 Purchase 150 1.4 210 190Jun-20 Purchase 100 1.6 160…
Q36 Goods of the Invoice value R240 000 sent out to consignee at 20% profit on cost. If all goods were sold, what would be the gross amount? Select one: a. R48 000 b. R50 000 c. R40 000 d. R33 333

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