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Shalnov [3]
2 years ago
12

Presented below is information related to Tamarisk Enterprises. Jan. 31 Feb. 28 Mar. 31 Apr. 30 Inventory at cost $17,400 $17,51

6 $19,720 $16,240 Inventory at LCNRV 16,820 14,616 18,096 15,428 Purchases for the month 19,720 27,840 30,740 Sales for the month 33,640 40,600 46,400 Part 1 From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April. The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account)
Business
1 answer:
SSSSS [86.1K]2 years ago
4 0

Answer:

The Sales and data of  purchases is not given for April.As a result, only inventory gain/(loss) shown in workings

Explanation:

The working is attached for easy calculation and understanding.

Download xlsx
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<u>Explanation:</u>

Since the price of the product all alone is $450 and the price of the service alone is $550, so the combined amount totals up to be nothing less than $1000. But the company under the discount and offer, offers the both things combined for $800.

This shows that the company is under some loss which it has to incur. The loss is of $200 under the discount to be offered to the clients which serves as the incentive to the customers.

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You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margi
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Answer and Explanation:

Penelope Hassey has to assume that the total sale of the firm is $100 and given that the Profit Margin ratio is 19%.

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Note :

Profit margin = Net sales × Profit margin ration

Profit margin = $100 × 19%

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Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration
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Answer: Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration is an example of a(n) JOINT VENTURE, which is effective at transferring KEY KNOWLEDGE.

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The companies involved in a joint venture come together to share key ideas used to improve each other and also funding.

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The Quarter Burger is a hamburger sold by the international fast-food chain Sammy's Burgers. It was given the name because it co
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2 years ago
Suppose that the weekly price of milk is $3.40 per gallon and MPEP decides to ramp up weekly advertising by 35 percent to $150 (
nadezda [96]

Answer:

Total Cost increase  5,253.4 unit

Explanation:

given data

weekly price a = $3.40 per gallon

ramp up weekly b = 35%

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solution

we will use here the regression equation that is

Y = a + b x    ...........................1

here Y is Total Cost and a is fixed cost and  

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so here put value in equation 1 we get

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Total Cost increase  5,253.4 unit

7 0
1 year ago
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