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Galina-37 [17]
2 years ago
12

Calculate the planned shortage in dollars if the planned shortage % is 1.64% and the planned net sales are $1,189,000.

Business
1 answer:
EleoNora [17]2 years ago
6 0

Answer:

the planned shortage in dollars is $19,499.60

Explanation:

The computation of the planned shortage in dollars is shown below:

= Percentage of planned shortage × planned net sales

= 1.64% × $1,189,000

= $19,499.60

hence, the planned shortage in dollars is $19,499.60

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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Colorado Corporation has two classes of​ stock: common, ​$3 par​ value; and​ preferred, ​$30 par value.Requirements1.Journalize
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Answer:

1)

Debit   Cash/Bank 27,000    (4,500 shares x $6 per share)

Credit  Common Stock 13,500  (4,500 shares x $3 per share)

Credit  Paid-In Capital in Excess of Stated Value—Common 13,500  (4,500 shares x $3 per share)

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Debit   Cash/Bank 135,000  (4,500 shares x $30 per share)

Credit  preferred Stock 135,000  (4,500 shares x $30 per share)

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3 years ago
Using these data from the comparative balance sheet of Ramirez Company, perform horizontal analysis.
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Answer:

          Ramirez Company comparative balance sheet

                                             2014                                 2013

Particulars                     Amount        Percent           Amount       Percent

Accounts receivable     535,000         17.05%           450,000       16.62%

Inventory                        792,000         25.24%          606,000     22.39%

Other Assets                 <u>1,811,000         57.71%            1,651,000     60.99%</u>

Total assets                   <u>3,138,000        100%             2,707,000   100%</u>

2014 Workings

Account receivables= 535,000 / 3,138,000 * 100 = 17.05%

Inventory= 792,000 / 3,138,000 * 100 =25.24%

Other Assets= 1,811,000 / 3,138,000 * 100 = 57.71%

2013 Workings

Account receivables= 450,000/2,707,000 * 100= 16.62%

Inventory=606,000/2,707,000 * 100= 22.39%

Other Assets=1,651,000/2,707,000 * 100= 60.99%

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Which of the following is the market structure of the media industry?
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