Which of the following editors would handle a copyright issue?

Sheridan Company has the following inventory data: July 1 Beginning inventory 36 units at $19 $684 7 Purchases 126 units at $20

Alexeev081 [22]

Answer:

$2436

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

total goods sold = (total inventory purchased + beginning inventory) - 60

(36 + 126 + 18) - 60

180 - 60

= 120

the 120 units sold would be taken from the inventory purchased on the 22nd and 7

(18 x 22) + [(120 - 18) x 20]

396 + 2040 = 2436

7 0

2 years ago

Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts re

sweet [91]

Answer:

Explanation:

Balance Sheet

//2017// % // 2016 // % // 2015 //%//

Cash

//$31,800// 6% // $35,625 // 8% // $37,800 //10%//

Accounts Receivable

//$89,500// 17% // $62,500 // 14% // $50,200 //13%//

Inventory

//$112,500// 22% // $82,500 // 19% // $54,000 //14%//

Prepaid Expenses

//$10,700// 2% // $9,375 // 2% // $5,000 //1%//

TOTAL CURRENT ASSETS

//$244,500// 47% // $190,000 // 43% // $147,000 //39%//

Plant Assets

//$ 278,500// 53% // $ 255,000 // 57% // $ 230,500 //61%//

TOTAL NON CURRENT ASSETS

//$278,500// 53% // $255,000 // 57% // $230,500 //61%//

TOTAL ASSETS

//$523,000// 100%// $445,000 // 100% //$377,500 //100%//

Accounts Payable

//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //

TOTAL CURRENT LIABILITIES

//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //

Long Term Notes Payable

//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //

TOTAL NON CURRENT LIABILITIES

//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //

TOTAL LIABILITIES

//$228,400// 100% // $176,750 // 100% //$134,750//100%//

Common Stock

/$163,500// 55% // $163,500 // 61% // $163,500 //67%//

Retained Earnings

//$131,100// 45% // $104,750 // 39% // $79,250 //33%//

TOTAL EQUITY

//$294,600// 100% //$268,250 //100%// $242,750 //100%//

TOTAL EQUITY + LIABILITIES

//$523,000// 100%// $445,000// 100%// $377,500// 100%//

4 0

2 years ago

If you have to reject a job offer because it isn't what you wanted, what is the best step to take?

BartSMP [9]

C because it is the the answer

4 0

2 years ago

Read 2 more answers

By the end of the accounting period, employees have earned salaries of $650, but they will not be paid until the following pay p

pav-90 [236]

Answer:

The required adjusting entry would be to debit the Salaries expense account $650 and credit the accrued salaries account $650.

Explanation:

When an expense is incurred but yet to be settled in accrual accounting, the expense has to be recognized in the period in which it is incurred by debiting the expense account and crediting the accrued expense ( a liability) account with the amount incurred.

5 0

3 years ago

Crown Co. can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows: Enlight

Vlada [557]

Answer:

Crown Co.

The breakeven point in total units is:

711 units

Explanation:

a) Data and Calculations:

Enlightner Foglighter Total

Sales volume in units 500 400 900

Unit sales price $ 300 $ 400

Sales value $150,000 $160,000 $310,000

Unit variable cost 200 240

Variable costs $100,000 $96,000 $196,000

Unit contribution margin $ 100 $ 160

Total contribution $50,000 $64,000 $114,000

Machine hour 1 1

Weighted contribution margin per unit $126.67 ($114,000/900)

Total fixed costs $90,000

Variable costs $196,000

Total costs = $286,000

Weighted contribution margin per unit:

Enlightner Foglighter Total

Unit contribution margin ($ 100 *5/9) ($ 160 * 4/9)

$55.56 $71.11 $126.67

Break-even point in total units = Fixed costs/Weighted contribution margin per unit

= $90,000/$126.67

= 710.5 units

3 0

2 years ago