Business, 21.12.2019 05:31, shayleewright
The following selected accounts were taken from the financial records of los olivos distributors at december 31, 2019. all accounts have normal balances. cash $ 33,340 accounts receivable 47,700 note receivable, due 2020 9,500 merchandise inventory 35,700 prepaid insurance 2,350 supplies 1,410 equipment 43,500 accumulated depreciation, equipment 23,500 note payable to bank, due 2020 35,000 accounts payable 13,050 interest payable 350 sales 535,000 sales discounts 3,200 cost of goods sold 348,540 accounts receivable at december 31, 2018, was $52,550. merchandise inventory at december 31, 2018, was $58,500. based on the account balances above, calculate the following: the gross profit percentage. working capital. the current ratio. the inventory turnover. the accounts receivable turnover. all sales were on credit.
Answers: 3
Business, 22.06.2019 14:00, lindjyzeph
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
Business, 22.06.2019 21:10, kmacho9726
Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?
Answers: 3
The following selected accounts were taken from the financial records of los olivos distributors at...
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