1. The risk free rate of return is often measured by the return on US Treasury Bills. True or False?

At the beginning of the current season on April 1, the ledger of Kokott Pro Shop showed Cash $3,800; Inventory $4,300; and Commo

KIM [24]

Answer:

Explanation:

1. Journal entries for the month of April 2017

Apr.5

Dr Inventory 1300

Cr Accounts Payable 1300

(Purchase of goods on account from Hogan)

Apr.5

Dr Inventory 50

Cr Cash 50

(Freight charges on purchases)

Apr.9

Dr Accounts Payable 100

Cr Inventory 100

(Credit received for returned goods from Hogan)

Apr.10

Dr Accounts Receivable 880

Cr Sales 880

(Sales of goods on account)

Apr.12

Dr Inventory 750

Cr Accounts Payable 750

(Purchase of goods on account from Duffer)

Apr.14

Dr Accounts Payable 1200

Cr Cash 1176

Cr Inventory 24

(Payment made to Hogan in full)

Apr.17

Dr Accounts Payable 50

Cr Inventory 50

(Credit received for returned goods from Duffer)

Apr.20

Dr Accounts Receivable 880

Cr Sales 880

(Sales of goods on account)

Apr.21

Dr Accounts Payable 700

Cr Cash 693

Cr Inventory 7

(Payment made to Duffer in full)

Apr.27

Dr Sales 30

Cr Accounts Receivable 30

(Credit granted to customers for flaws in goods)

Apr.30

Dr Cash 850

Cr Accounts Receivable 850

(Payment received from custmers on account)

2. T accounts calculation is attached with this answer

3. KOKOTT PRO SHOP

Trial balance as at April 30, 2017

Account Debit Credit

Cash 2731

Accounts Receivable 6219

Inventory 880

Common Stock 8100

Sales 1730

T o t a l 9830 9830

4. KOKOTT PRO SHOP

Income statement for the month ending April 30, 2017

Sales Revenue 1730

Cost of goods sold (6,219 - 5,469) 750

Gross profit 980

Download xlsx

3 0

3 years ago

Identify at least four different types of financial statement users and discuss why each would use the financial statements.

GarryVolchara [31]

Answer:

Government authorities :

They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.

Investors :

Current or potential investors would check financial statements to ensure they will suitable returns after investment.

Creditors :

They will check financial statements to make sure they get their due money back.

Employees :

The employees will ask for bonus if the company performance in statements is good,

8 0

2 years ago

_______ is defined in marketing terms as the basic problem-solving benefits consumers are seeking.

omeli [17]

The term that is being referred to the description is CORE CUSTOMER VALUE. The core customer value is a marketing term that describes the fundamental benefits of problem solving that consumers are looking for. The customer value are classified into two and these are the perceived and the desired value.

7 0

3 years ago

What is the reason it's better to underestimate your income instead of overestimating when creating your budget?

Alik [6]

Answer:

Underestimating your income is a conservative and healthy measure that can avoid financial problems.

Explanation:

Underestimating your income is a conservative and healthy measure, such as it is overestimating your expenses.

Specially when your income is variable iit can be hard to predict. You will be safer both if your income lowers or your unpredictable expenses increase.

There are many unpredictable situations that could put you in a difficult situation: a disease, a natural disaster, the need to help a family member or friend in trouble. If any of these unfortunate circumstances arises and your budget is too tight, you could see yourself in financial trouble.

But, if you if all is smooth you will have in a happy situation, you will have a surplus which can use for savings, for an important purchase, or for vacations.

It is better to be cautious than to regret later!

6 0

3 years ago

Goodie, goodie, gumdrops (gggs) is a retail business appealing to pre-teen girls. it carries specialty clothing, accessories, an

FromTheMoon [43]

The answer is "franchising entry".

A franchise is a well known path for somebody to claim a business without the dangers of starting one from the beginning. A franchisee who licenses a trademark is then given the privilege to utilize the brand regarding their own particular business activity; sports establishments are this sort of business. However, the most well-known franchise is the business organize, and that is the sort the vast majority know.

8 0

3 years ago