Business, 12.07.2019 03:10, Melymarrupe1345
Smarton company is in the process of preparing its budgeted income statement. it has determined its estimated gross margin to be $90,000. the company also expects to incur selling and administrative expenses of $30,000 and interest expense of $12,000. what would be smarton's budgeted net income? a) $48,000 b) $60,000 c) $30,000 d) $18,000
Answers: 3
Business, 21.06.2019 21:00, skifchaofficial01
Stephen barrett, md previous writing experience ?
Answers: 1
Business, 22.06.2019 06:10, PLEASEHELP4528
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 08:00, connermichaela
Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.
Answers: 2
Smarton company is in the process of preparing its budgeted income statement. it has determined its...
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