Beck Inc. uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2:
Units Unit Cost
Inventory, December 31, prior year 6,300 $13
For the current year: Purchase, March 5 18,300 11
Purchase, September 19 9,300 7
Sale ($30 each) 8,500
Sale ($32 each) 15,300
Operating expenses (excluding income tax expense) $393,000
Required:
Prepare a separate income statement through pretax income that details cost of goods sold for
a. Case A: FIFO
b. Case B: LIFO.
Answers: 2
Business, 22.06.2019 03:00, brarob340
Tina is applying for the position of a daycare assistant at a local childcare center. which document should tina send with a résumé to her potential employer? a. educational certificate b. work experience certificate c. cover letter d. follow-up letter
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Business, 22.06.2019 07:10, Emptypockets451
Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.
Answers: 1
Business, 22.06.2019 08:30, aasiarobinson998
What is the key to success in integrating both lethal and nonlethal activities during planning? including stakeholders once a comprehensive operational approach has been determined knowing the commander's decision making processes and "touch points" including stakeholders from the very beginning of the design and planning process including the liaison officers (lnos) in all the decision points?
Answers: 1
Beck Inc. uses a periodic inventory system. At the end of the annual accounting period, December 31...
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