Answer:
1 Line item description Cost Retail
2 Beginning inventory 40000 360000
3 Purchases 1000000 10000000
4 Transportation in 50000
5 Purchase returns -20000 -196000
6 Net purchases(3+4+5) 1030000 9804000
7 Net additional markups 800000
8 Cost to retail ratio 1070000 10964000
component(2+6+7)
9 Net markdowns -500000
10 Sales -9800000
11 Ending inventory,retail(8+9+10) 664000
Setup calculation:
Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail
= 1070000/10964000
= 0.097592
= 9.76%
Ending inventory,cost = Ending inventory,retail*Cost to retail ratio
= 664000*9.76%
= $64806
Cost of goods sold = Sales*Cost to retail ratio
= 9800000*9.76%
= $956480
Unpaid reviews on reputable car sites.
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The DAW mean dispense after written. Dispense as written refers to the prescriber's instructions regarding authorization for substitutes with generic counterparts or ordering of the specific prescribed drug with "DO NOT SUBSTITUTE" the instructions on the prescription.
A DAW code indicates the prescriber's instructions to the payer for the generic equivalent substitute or dispense of the specific prescription drug. when the member expressly requests the brand-name drug over the generic version at the pharmacy In both cases, the plan continues to pay the high cost of the brand-name drug so that the member's access to the medication is not disrupted.
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which of the following stream characteristics most directly affects stream depositions?
Answer:
<em>Gradient </em>
Utility costs that relate to current year's operations but are not paid until the following year require:
- a debit to Utilities Expense
- a credit to Utilities Payable
<h3>What happens when expenses are not paid?</h3>
Expenses are meant to be paid within the accounting period that they occur and if this does not happen, then they are to be treated as current liabilities in the Balance sheet.
This means that the Utilities Expense account will be debited as is the norm but the account that will then be credited is the Utilities Payable account which is a current liability.
Options for this question:
(Select all that apply.)
- a debit to Prepaid Expense - Utilities
- a debit to Utilities Expense
- no journal entry
- a credit to Utilities Payable
- a credit to Cash
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