Business

Business, 24.10.2019 04:50, niah2699

Teal mountain inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. the company purchases all inventory on credit and uses a periodic inventory system. the accounts payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. you are provided with the following selected information for the fiscal years 2020 through 2023, inclusive.

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Business, 24.06.2019 17:30, isabel2007riverton

Teal corporation operates a retail computer store. to improve delivery services to customers, the company purchases four new trucks on april 1, 2014. the terms of acquisition for each truck are described below.1. truck #1 has a list price of $32,850 and is acquired for a cash payment of $30,441.2. truck #2 has a list price of $35,040 and is acquired for a down payment of $4,380 cash and a zero-interest-bearing note with a face amount of $30,660. the note is due april 1, 2015. teal would normally have to pay interest at a rate of 9% for such a borrowing, and the dealership has an incremental borrowing rate of 8%.3. truck #3 has a list price of $35,040. it is acquired in exchange for a computer system that teal carries in inventory. the computer system cost $26,280 and is normally sold by teal for $33,288. teal uses a perpetual inventory system.4. truck #4 has a list price of $30,660. it is acquired in exchange for 1,420 shares of common stock in teal corporation. the stock has a par value per share of $10 and a market price of $13 per share.prepare the appropriate journal entries for the above transactions for teal corporation. (round present value factors to 5 decimal places, e.g. 0.52500 and final answers to 0 decimal places, e.g. 5,275. credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)

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Business, 01.07.2019 20:30, josephvcarter

Eneri company's inventory records show the following data: eneri inventory purchases inventory purchases units cost/unit january 1 10,000 $9.20 june 18 9,000 $8.00 november 8 6,000 $7.00 a physical inventory on december 31 shows 4,000 units on hand. eneri sells the units for $13 each. the company has an effective tax rate of 20%. eneri uses the periodic inventory method. what is the difference in taxes if lifo rather than fifo is used?

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Business, 13.11.2019 21:31, morgan3346

Exercise 6-04 your answer is incorrect. try again. teal mountain inc. sells a snowboard, ez slide, that is popular with snowboard enthusiasts. below is information relating to teal mountain inc.’s purchases of ez slide snowboards during september. during the same month, 102 ezslide snowboards were sold. teal mountain inc. uses a periodic inventory system. date explanation units unit cost total cost sept. 1 inventory 13 $107 $ 1,391 sept. 12 purchases 49 110 5,390 sept. 19 purchases 53 111 5,883 sept. 26 purchases 20 112 2,240 totals 135 $14,904

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Business, 19.11.2019 19:31, cuzhernamesari

Warren company's records reveal the following information regarding its inventory: beginning inventory was $100,000 at cost and 160,000 at retail. purchases during the year were $300,000 at cost and $500,000 at retail. net markups were $10,000 and net markdowns, $20,000. assuming the retail inventory method is used to approximate average costs, what is the amount of goods available for sale at cost?

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