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iren2701 [21]
2 years ago
13

Using a $ sign before a column label ________.

Business
1 answer:
Licemer1 [7]2 years ago
6 0

Answer:

The alignment of the choices are off but here's the explanation for solving this question below;

Explanation:

Using a $ sign before a column label, keeps the reference to column fixed,

but allows the row reference to change. Generally, putting a dollar sign ($) before a column label or row label  puts an absolute reference to that respective column or row while keeping the other changing. For example;

In $C5, "C"  is the column reference while "5" is the row reference. Because there is $ sign before C, that column  will be fixed and the row will change

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Blue Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Mi
Alisiya [41]

The estimate of the inventory amounts before the fire is as follows:

Total Inventory  $232,845

Lumber     $159,200

Millwork     $54,270

Hardware   $19,375    

Data and Calculations:

                                       Lumber       Millwork     Hard & Fittings

Gross Markup (%)               25%             30%                 40%

Gross Margin (%)                  20%            23.1%              28.6%

              =                (25%/125%)        (30%/130%)       (40%/140%)

Inventory, Jan. 1         $265,900      $93,470         $45,600

Purchases                  1,544,900       375,100          160,300

Goods available       $1,810,800    $468,570       $205,900

Cost of goods sold    1,651,600       414,300           186,525

Ending inventory     $159,200      $54,270           $19,375      $232,845

<u>Estimating the Cost of Goods Sold:</u>

Sales to Aug. 18       2,064,500      538,590          261,240

Gross profit                  412,900       124,290             74,715

Cost of goods sold  1,651,600      414,300         186,525

Gross profit = Sales x Gross margin

Cost of goods sold = Sales - Gross profit or Sales x (1 - gross margin)

Learn more: brainly.com/question/16752466

6 0
2 years ago
Listed below are accounts that appear in financial statements.
Kobotan [32]

Answer:

Dividends  - <em>Statement of Changes  in Retained Earning</em>

Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes  in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.

Differed Revenue  - <em>Balance Sheet</em>

Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.

Service Revenue - <em>Income Statement</em>

These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.

7 0
3 years ago
Specalized accounting field ​
coldgirl [10]

Answer:

Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below:

Financial accounting. ...

Public accounting. ...

Government accounting. ...

Forensic accounting. ...

Management accounting. ...

Tax accounting. ...

Internal auditing.

hope my ans helps

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7 0
2 years ago
Fein Company provided the following information relating to cash payments:
BlackZzzverrR [31]

Answer:

Fein Company

Schedule of Cash Payments

For the Month of August 202x

Salaries expenses:

From July salaries                  $3,230

<u>From August salaries            $31,860</u>

Total salaries                        $35,090

Direct materials:

From July purchases             $61,600

<u>From August purchases        $14,600</u>

Total direct materials            $76,200

Overhead expenses:            $64,850

Debt payments:

Principal                                 $15,000

<u>Accrued interests                      $450</u>

Total debt payment              $15,450

Total cash payments           $191,590

6 0
3 years ago
Jacobsen Corporation prepares its financial statements applying U.S. GAAP. During its 2016 fiscal year, the company reported bef
maxonik [38]

Answer:

Jacobsen Corporation

Income from continuing operations of $621,000 will be reported.

Explanation:

The income from continuing operations is the same thing as the operating income.  It is the pre-tax income that is reported on Jacobsen Corporation's income statement for the year ended December 31, 2016.  The tax rate of 30% is applied on this figure to obtain the income tax expense for the year.  But, for Jacobsen that has other unusual items, these are taken into consideration before the income tax is imputed to obtain the after-tax income.

6 0
3 years ago
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