Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
Gross profit = Sales - Cost of goods sold
= (440 x 90 + 220 x 80 + 264 x 50) - (440 x 56.7 + 220 x 50.4 + 264 x 31.5)
= (39,600 + 17,600 + 13,200) - (24,948 + 11,088 + 8,316)
= 70,400 - 44,352
= $26,048
Ending inventory schedule attached in the excel archive
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Explanation:
The journal entry is as follows
On February 1, 2020
Land Dr $36,400
To Common Stock $14,000
To Paid- in capital in excess of par value - common stock $22,400
(Being the common stock is issued for land)
The computation is shown below:
For common stock
= 2,800 shares × $5 per share
= $14,000
And, the remaining balance is credited to the paid in capital in excess of par value i.e $22,400
Instruction usually in manual or skilled trades to prepare a student for gainful employment is called <u>vocational</u> training.
Vocational training refers to instructional programs or courses that focus on the talents required for a selected process feature or exchange. In vocational training, education prepares college students for particular careers, disregarding traditional, unrelated instructional subjects.
Vocational training refers to training and talent-based totally training programs that prepare human beings for a particular task, trade, or craft. Trades and crafts talk over with jobs that can be manual in nature and are considered non-instructional.
Vocational training is training that prepares human beings to work as a technician or to take in employment in a professional craft or exchange as a tradesperson or artisan.
Learn more about Vocational training here brainly.com/question/467359
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Answer:
10 minutes
Explanation:
Data provided in the question
Reception taking time = 3 minutes
Car wash taking time = 5 minutes
Paying the cash register taking time = 4 minutes
Returning to car and leaving taking time = 2 minutes
So, the theoretical flow time in minutes is
= Reception taking time + maximum time of car wash and paying the cash register + returning to car and leaving taking time
= 3 minutes + 5 minutes + 2 minutes
= 10 minutes
