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max2010maxim [7]
3 years ago
12

Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net reali

zable value (LO6-2, 6-3, 6-4, 6-5, 6-6) The following information applies to the questions displayed below.] At the beginning of October, Bowser Co.'s inventory consists of 66 units with a cost per unit of $34. The following transactions occur during the month of October October 4 Purchase 114 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30. October 5 Pay cash for freight charges related to the October 4 purchase, $445. October 9 Return 25 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 144 units of inventory to customers on account, $11,520. Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $5 per unit for freight less $1 per unit for the purchase discount, or $54 per unit. ] October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase 84 units of inventory from Waluigi Co. for $54 per unit, terms 2/10, n/30. October 22 Sell 84 units of inventory to customers for cash, $6,720. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on October 20.) Record any necessary adjustment for lower of cost and net realizable value.
Business
1 answer:
NeTakaya3 years ago
8 0

Answer:Hi

Explanation:Hi

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oneycutt Co. is comparing two different capital structures. Plan I would result in 39,000 shares of stock and $108,000 in debt.
Mila [183]

Answer:

All equity plan:

EPS = $160,000 / 42,000 = $3.81

Plan I:

EPS = [$160,000 - ($108,000 x 7%)] / 39,000 = $152,440 / 39,000 = $3.91

Plan II:

EPS = [$160,000 - ($324,000 x 7%)] / 33,000 = $137,320 / 33,000 = $4.16

Plan II is better since the resulting EPS is higher than the other alternatives.

8 0
3 years ago
Flyaway Travel Company reported net income for 2021 in the amount of $90,000. During 2021, Flyaway declared and paid $2,125 in c
Jlenok [28]

Answer:

$1.85

Explanation:

Fyaway travels reported a net income of $90,000 for the year 2021

During 2021 they declared and paid a cash dividend of $2,125

They also paid $10,000 as cash dividend in common stock

Flyway has 40,000 shares outstanding

Therefore the 2021 basic earning per share can be calculated as follows

$90,000-2,125

= $87,875

40,000 shares+(10,000 shares×9/12)

40,000 shares +(10,000×0.75)

40,000+7500

= 47,500

87,875/47,500

= $1.85

Hence the basic earning per share for 2021 is $1.85

4 0
3 years ago
Based on your understanding of help desk operations a job stress, make a list of ten or more different factors in a help desk en
Maksim231197 [3]

Explanation:

Monotonous work: Sometimes monotonous work irritates the help desk.

Seeking for same information: When providing the same information again and again to a different customer.

Lack of work recognition: At times failing to appreciate the effort create stress.

Talking without rest: Continuously answering without taking a break might cause stress.

Work pressure: When the work pressure increases there is a possibility of stress being more.

Inflexible working hours: Change in life style due to change in work hours might create stress.

Work-life imbalance: This also act as a source for stress.

Taking regular medications, family pressure, undervalued pay scale everything counts for stress.

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3 years ago
One of Justin's largest international customers is Alpine Airwaves in Switzerland. He got a call from his contact at Alpine Airw
Evgen [1.6K]

Answer:

Justin's company should prepare to demonstrate that it is ISO 14001 compliant.

This means that it is following the environmental management standards for environmental footprint and waste reduction, while promoting environmental sustainability in its operations.

Explanation:

ISO 14001 is one of the environmental management standards, prescribed by the International Organization for Standardization (ISO), "to help reduce environmental impacts, reduce waste, and make the environment more sustainable," according to the ISO website.  ISO 14001 specifies requirements for an effective environmental management system (EMS) by providing a follow-able framework.

3 0
3 years ago
What tends to cause structural unemployment?<br> Economics
Yuri [45]

Answer:

Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.

Explanation:

4 0
3 years ago
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