answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
Kentucky Lumber and MillWork Company contracted to supply Rommell Company millwork for use in the construction of a school build
omeli [17]

Answer:

Kentucky can gain advantage since it has not breached any terms of the contract.

Explanation:

Kentucky Lumber will be beneficiary of the decision since it is Rommel company who is ending up the contract but Kentucky Lumber is willing to continue the service according to the terms of the contract. Kentucky mill work was destroyed but it bought the equipment from a third party to continue providing the service according to the contract terms.

5 0
1 year ago
Read 2 more answers
Bendel Incorporated has an operating leverage of 7.3. If the company's sales volume increases by 3%, its net operating income sh
Svet_ta [14]

Answer:

21.9%

Explanation:

Given that

Operating leverage = 7.3

Increase in sales  = 3%

According to the given situation, the computation of net operating income is shown below:-

Increase in operating income  = Operating leverage × Increase in sales

= 7.3 × 3 %

= 21.9%

Therefore for computing the increase in operating income we simply applied the above formula.

6 0
2 years ago
Barclay Enterprises manufactures and sells three distinct styles of bicycles: the Youth model sells for $440 and has a unit cont
Tanya [424]

Answer:

$21,370

Explanation:

A composite unit is a set of different products grouped together in proportion to their sales mix. The unit is a basis for grouping products from different segments of an entity together with the aim of managing inventory levels, break even points, and sales.

The selling price of the composite unit can be calculated as follows:

||Bicycle model |No. of bicycles |Unit selling price |Total per composite unit

|Youth models| 5                         | 440                     |   2,200

|Adult models|   9                        | 990                     |   8,910

|Recreational models| 6              | 1,140                    |  <u>10,260</u>

                Selling price per composite unit               <u>21,370</u>

4 0
2 years ago
Imagine two cities, Hometown and Visitorsville, where the rich, middle, and poor income recipients in one city have annual incom
Grace [21]

Answer:

The answer is letter A.

Explanation:

The true statement is Annual data on the distribution of income will indicate that the degree of income inequality in the two cities is identical.

6 0
2 years ago
29. Maxwell is trying to decide whether to accept a salary of $60,000 or a salary of $25,000 plus a bonus of 20% of net income a
Akimi4 [234]

Answer:

Maxwell world consider choice equal to $310000

Explanation:

given data

accept a salary = $60,000

salary = $25,000

bonus = 20% of net income

to find out

amount of income would be necessary so that Maxwell would consider

solution

we get here income by bonus that is express as

bonus = 2 ( income - bonus - salary )   ..............1

3500 = 2 ( income - ( 0.2 × 35000 ) - ( 0.2 × (75000 + 35000) )

solve it we get

income = $310000

so Maxwell world consider choice equal to $310000

3 0
2 years ago
Other questions:
  • Accounting software can help with which TWO of these tasks?
    8·2 answers
  • Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent ea
    10·2 answers
  • Managers perform an external analysis so that they know about​ ________.
    10·1 answer
  • In a department meeting, Jamira engages in a thoughtful dissent aimed at constructively challenging her manager, Shivana, to ret
    9·1 answer
  • Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was esti
    5·1 answer
  • From a Group of 8 People, Including George and Nina, 3 people are to be selected at random to work on a certain project. What is
    7·1 answer
  • Interest may be capitalized: a. Whether or not there is specific borrowing for the construction. b. On self-constructed assets f
    14·1 answer
  • A perpetuity will pay $1000 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of t
    8·1 answer
  • A ________ is a partnership in which two or more companies (often from different countries) join together and share the risk and
    7·1 answer
  • The following selected transactions were taken from the records of Shipway Company for the first year of its operations ending D
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!