How to do 2+2 PLS PLS PLSSSSSSSSSSSSS HELP

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi

notsponge [240]

Answer:

$

Sales 8,800,000

Less: Cost of goods sold (W1) 5,241,739.13

Contribution 3,558,260.87

Less: Fixed manufacturing cost 598,000

Less: Fixed selling and admin cost 320,000

Net Income 2,640,260.87

(W1) Cost of goods sold

Direct Material 3,450,000

Direct Labour 1,196,000

Variable manufacturing cost 782,000

Variable selling cost 600,000

Total variable cost 6,028,000

Less:closing inventory 786,260.87 (6,028,000/46,000*6,000)

COST OF GOODS SOLD 5,241,739.13

8 0

3 years ago

Armando, a manager for Petros Pizza Pies (PPP), dies in an accident on July 12. PPP pays his wife, Penelope, $600 in salary that

stepan [7]

Answer:

Explanation:

Ms. P receives $6,000 from Company P due to her husband A's loyal service and She receives $600 that her husband earned prior to his death. Hence, Ms P earns a total of $6,600 ($6000 + $600) gross income.

The amount of $90,000 receive from the life insurance proceeds are excluded from the gross income.

Ms P's daughter receives $4,000 from company P. It should be included in her daughter income.

8 0

3 years ago

Freya plans to invest $3,200 a year for 25 years starting at the end of this year. How much will this investment be worth at the

tekilochka [14]

Answer:

$240,885.11

Explanation:

The formula to be used is = annual payment x annuity factor

Annuity factor = {[(1+r) ^N ] - 1} / r

R = interest rate = 8.2 percent

N = number of years = 25

[(1.082^25) - 1 ] / 0.082 = 75.276598

75.276598 x $3,200 = $240,885.11

I hope my answer helps you

6 0

3 years ago

The major work elements defined in the statement of work (SOW) section along with the detailed list of deliverables provide the

Natali5045456 [20]

Answer:

Work Breakdown Structure (WBS)

Explanation:

Note that, the statement of work (SOW) is usually used in project management to define project-specific activities, deliverables etc.

The Work Breakdown Structure (WBS) finally breaks down the project into smaller components as found in the image below. The image shows the case of a project breakdown to design and build a custom bicycle.

3 0

3 years ago

At the beginning of the year, the Dallas Company had the following accounts on its books: Accounts Receivable $264,000 Debit All

lukranit [14]

Answer:

Explanation:

Requirement :

Date Account title and Explanation Debit Credit

Dec.31 Accounts receivable $2,346,000

Sales revenue $2,346,000

[To record credit sales for the year]

Dec.31 Cash $2,350,000

Accounts receivable $2,350,000

[To record collections on account for the year]

Feb.17 Allowance for doubtful account $7,500

Accounts receivable-R.St. John $7,500

[To write off R. St. John's account]

May 28 Allowance for doubtful account $4,800

Accounts receivable-G. Herberger $4,800

[To write off G. Herberger's account]

Oct 13 Accounts receivable-G. Herberger $1,200

Allowance for doubtful account $1,200

[To reinstate G. Herberger's account for partil recovery]

Oct 13 Cash $1,200

Accounts receivable-G. Herberger $1,200

[To record collection from G. Herberger]

Dec 15 Allowance for doubtful account $5,000

Accounts receivable-R. Clancy $5,000

[To write-off R. Clancy's account]

Dec 31 Bad debt expense [$2,346,000 x 0.8%] $18,768

Allowance for doubtful account $18,768

[To record allowance for doubtful accounts]

Requirement b:

Accounts Receivable $242,700

Less: Allowance for Doubtful accounts $19,168

Accounts receivable net $223,532

Calculations:

T-Accounts

Accounts receivable Allowance for doubtful account

$264,000 Beg. $16,500 Beg.

$2,346,000 $2,350,000 $7,500 $1,200

$1,200 $7,500 $4,800 $18,768

$4,800 $5,000

$1,200

$5,000

$242,700 End. $19,168 End.

4 0

3 years ago